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What Is IRS Form 8822-B? Tuesday, April 25, 2017

For many LLCs, the member(s) may never change. Usually, these are simply internal matters addressed within the LLC Operating Agreement. Sometimes, however, you may need to alert the IRS about changes within your LLC.... Continue Reading

Posted In: Business Strategies

Compare Business Formations [Infographic] Monday, April 24, 2017

Trying to decide which business formation is right for your startup? Our infographic provides all the basic information you'll need.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Delaware Corporation Directors Cannot Be Undisclosed Tuesday, April 18, 2017

On the Delaware Annual Franchise Tax Report, all corporations must list their Company Name; Company Address; Names & Addresses of all Directors; Name & Address of one Officer.... Continue Reading

Posted In: About Corporations

Foreign Qualify a Delaware Company in Tennessee Monday, April 17, 2017

Your Delaware company can operate legally in Tennessee, as long as you file for Foreign Qualification and stay in compliance in both states.... Continue Reading

Posted In: Compliance

Delaware Blank Check Preferred Stock Tuesday, April 11, 2017

Every Delaware General Corporation must have one class of common stock, but it can also have a second class of stock (or more) with customized terms for the different classes. The most popular second class of stock is called preferred stock because it can contain terms, negotiated between the Board of Directors and the recipient, that are preferred over the rights of common stockholders.... Continue Reading

Posted In: About Corporations

Why Startups Should Consider Using Bitcoin Monday, April 10, 2017

Bitcoin is a type of digital currency in which encryption techniques are utilized to regulate the generation of unites of currency and verify the transfer of funds, without any bank, financial institution or government involvement.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Where to Incorporate: Delaware vs Nevada Infographic Tuesday, April 4, 2017

Our infographic illustrates the many ways that Delaware is a better state to form a company in than Nevada.... Continue Reading

Posted In: The Delaware Advantage

Introduction to Limited Partnerships Monday, April 3, 2017

A limited partnership is formed by filing a Certificate of Limited Partnership with the state of Delaware. A limited partnership is not required to file its governing document, the limited partnership agreement, with the state of Delaware.... Continue Reading

Posted In: Business Strategies

Dissolve a Corporation with Certificate of Dissolution Tuesday, March 28, 2017

There are two ways to close a company: either dissolve a corporation with a Certificate of Dissolution or don’t file a certificate. Both are legal--it just depends on your particular situation.... Continue Reading

Posted In: Business Strategies

Operate a Delaware Corporation in Wisconsin Monday, March 27, 2017

If you would like to operate your Delaware corporation in Wisconsin, you must first file for Foreign Qualification, pay a fee and provide a Delaware Certificate of Good Standing.... Continue Reading

Posted In: Compliance

How To Order a Delaware Certificate of Good Standing Tuesday, March 21, 2017

There will be times when you’ll need to check on the status of your Delaware entity and obtain a Delaware Certificate of Good Standing (also known as a Certificate of Existence). Perhaps you are applying for a bank loan or filing for Foreign Qualification in another state. Maybe you are entering into a contract with a third party, or maybe your corporation is merging with another corporation.... Continue Reading

Posted In: Compliance

Venture Capitalists and Entrepreneurs Monday, March 20, 2017

Venture Capitalists invest in burgeoning industries that are on a clear upswing, such as tech, SEO and biotech companies. They tend to invest in companies in the middle stages—after the shaky, risky early phase yet before the soaring, competitive phase.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Why Zero Par Value Stock Affects Franchise Tax Tuesday, March 14, 2017

When you form a corporation, think about Franchise Tax when you’re deciding the number of authorized shares and the par value of the shares. Most start-up companies are typically formed with a small number of authorized shares and a low (or zero) par value.... Continue Reading

Posted In: About Franchise Tax

What to Know When Naming a Benefit Corporation Monday, March 13, 2017

The most recent member of the family of Delaware corporate entities is the Delaware Public Benefit Corporation, also known as a Benefit Corporation or B Corporation. The Delaware Public Benefit Corporation came into existence on August 1st, 2013.... Continue Reading

Posted In: Business Strategies

Change of Ownership For an LLC Is Easy in Delaware Tuesday, March 7, 2017

Change of ownership for an LLC can be complicated and requires costly amendments in most U.S. states. However, not in the state of Delaware. The only document required to be filed in Delaware to create an LLC is the Certificate of Formation. Unlike other states, Delaware requires very little information to be made public in order to form an LLC.... Continue Reading

Posted In: About LLCs

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