Posted by All Contributors
Why Incorporate Your Band? Tuesday, June 19, 2018

The reason a band should incorporate is because most musicians’ dreams are to become the next Rolling Stones, Mumford & Sons or Maroon 5. However, in order to do that, you have to attract the notice of an A&R representative and then get signed to a record label.... Continue Reading

Posted In: Business Strategies

EIN Responsible Party for a Business Entity Monday, June 18, 2018

To be clear, the Responsible Party must be an individual. Furthermore, no other person within the entity can make IRS-related changes other than the assigned Responsible Party.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Delaware Blank Check Preferred Stock Tuesday, June 12, 2018

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

How to Convert an LP to an LLC Monday, June 11, 2018

The Operating Agreement governing the procedures of the LLC and the rights and obligations among its members is more flexible than that of a Limited Partnership, and may contain provisions and terms that would be impermissible in the context of a Delaware Limited Partnership.... Continue Reading

Posted In: Business Strategies

Anatomy of an S Corporation [INFOGRAPHIC] Tuesday, June 5, 2018

What is an S corporation and how does being one help a company? Find out in our simple infographic.... Continue Reading

Posted In: About Corporations

What Is a Resale Certificate? Monday, June 4, 2018

The purpose of a resale certificate--also known as a tax exemption certificate--is to allow you to buy goods through your business without paying local sales tax.... Continue Reading

Posted In: Business Strategies

Non-Profit vs Benefit Corporation (Infographic) Wednesday, May 30, 2018

Our infographic highlights the most important ten differences between non-profits and benefit corporations.... Continue Reading

Posted In: Business Strategies

Delaware LLC/LP Franchise Tax Is Due June 1, 2018 Tuesday, May 29, 2018

Franchise Tax is due for all Delaware LLCs, series LLCs and Limited Partnerships (LPs) on June 1 of every year.... Continue Reading

Posted In: About Franchise Tax

How to Speed Up Your EIN Application Monday, May 28, 2018

The possibility of causing a delay during the EIN application process could potentially handicap your new business. This would be a less than ideal start for a new venture.... Continue Reading

Posted In: Business Strategies

The Court of Chancery: Part of the Delaware Advantage Tuesday, May 22, 2018

Delaware’s “corporate crown” can be credited in large part to a court system whose roots reach back to feudal England. In its infancy the Court of Chancery was set up by the King of England to hear matters where no law was in existence to settle some disputes.... Continue Reading

Posted In: The Delaware Advantage

How to Do Business in Ohio with a Delaware Company Monday, May 21, 2018

If you fail to comply with local compliance issues, you may be putting the protection of your company at risk; thus, if you’d like to operate your Delaware company in the state of Ohio, you must file for Foreign Qualification in order to do so.... Continue Reading

Posted In: Compliance

EIN vs ITIN: What's the Difference? Tuesday, May 15, 2018

There are many numbers that are used to identify ourselves and our corporations or LLCs, such as a Social Security number, driver's license number, passport number, DUNS number and EIN (Employer Identification Number). Many business owners and employees wonder about the differences between the Federal Employer Tax ID number (EIN) and the individual taxpayer identification number (ITIN).... Continue Reading

Posted In: Compliance

Can I Convert a Corporation to an LLC? Monday, May 14, 2018

A Delaware LLC structure is more flexible than a corporation, as an LLC Operating Agreement may contain provisions and terms that would not be permissible in the context of a Delaware corporation.... Continue Reading

Posted In: Business Strategies

What is a Series LLC? Should I Form One? Tuesday, May 8, 2018

The Delaware LLC laws allow for the creation of a very interesting and unique entity, the series LLC. In a Delaware series LLC, each series is treated as a separate entity, meaning the debts, liabilities, obligations and expenses of one series cannot be enforced against another series of the LLC, or against the LLC as a whole.... Continue Reading

Posted In: About LLCs

We Proudly Sponsor a Local Middle School Student Monday, May 7, 2018

The BPA conference is a national conference in which thousands of students from across the country gather to compete, showcase their business skills and develop their leadership acumen.... Continue Reading

Posted In: About Harvard