2025 Delaware Annual Report Now Requires “Nature of Business”
Tuesday, December 2, 2025
Starting in 2025, Delaware Annual Report filings must include a “Nature of Business” description. Learn more about this change and then file online today.v... Continue Reading
Posted In: Business Strategies
Delaware’s 2024 Annual Report: The First State Still Reigns Supreme
Monday, October 20, 2025
Delaware continues to dominate as the premier state for business formations. Read more about the contents of the Delaware Annual Report 2024.... Continue Reading
Posted In: The Delaware Advantage
How to Convert an LP to an LLC
Monday, September 15, 2025
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
Correcting Corporate Oversights: A Guide for Delaware Corporations
Monday, September 8, 2025
Drafting corporate resolutions, recording meeting minutes and tracking stock available for issuance is sometimes seen as a distraction from the company’s primary focus of pursuing its business plan and achieving its goals.... Continue Reading
Posted In: About Corporations
Do Corporate Bylaws Need to Be Signed? Here's What You Should Know
Tuesday, August 12, 2025
Corporate bylaws are vital for outlining how a corporation operates, but they usually don’t need to be signed to be valid. Adoption by the board of directors—documented in meeting minutes or written consent—is typically enough. While some companies choose to sign bylaws for recordkeeping, most states don’t require it. The real priority is ensuring your bylaws are adopted, maintained, and followed.... Continue Reading
Posted In: About Corporations
Subchapter S Tax Status for a Delaware Corporation or LLC
Tuesday, July 29, 2025
Electing Subchapter S Status for your corporation or LLC will allow your business to save money on taxes. Find out if your Delaware business is eligible.... Continue Reading
Posted In: Business Strategies
Bylaws - More Important Than You Might Think
Tuesday, July 22, 2025
Bylaws are rules set by a company to govern itself. Brett Melson discusses more about corporate bylaws, their function, and how they should be implemented.... Continue Reading
Posted In: About Corporations
Does the IRS Make Company and Tax ID Information Public?
Tuesday, July 8, 2025
The IRS releases very little information to the public and takes privacy and confidentiality of personal and business tax-related info very seriously. Only a Responsible Party, an officer of a corporation, partner in a partnership, or general partner of a limited partnership can call the IRS and retrieve an EIN.... Continue Reading
Posted In: Entrepreneurs & Start-Ups
What Is an LLC Operating Agreement?
Monday, June 30, 2025
The Delaware legislature created the limited liability company (LLC) in such a way as to allow the LLC's members the freedom to contract with one another upon whatever terms they deem are best suited to their company.... Continue Reading
Posted In: About LLCs
EIN Responsible Party for a Business Entity
Monday, June 16, 2025
When you apply for an EIN, also known as a Federal Tax ID Number, you will have to provide the IRS with what is known as a Responsible Party - an individual who manages, directs and/or controls the entity behind the EIN. Read our blog to learn more.... Continue Reading
Posted In: Entrepreneurs & Start-Ups
Board Meeting Mistakes to Avoid: Part 4 of Delaware Board Meeting Series
Tuesday, June 10, 2025
This is Part 4 and the final installment of our comprehensive Delaware board meeting series. After covering the basics in Parts 1-3, we now address the most common mistakes that can expose companies to legal risk.... Continue Reading
Posted In: Business Strategies
How to Take Corporate Minutes
Monday, June 9, 2025
Delaware corporations should hold an annual meeting and take minutes. Not sure how to take corporate minutes? Here’s what you need to know.... Continue Reading
Posted In: About Corporations
Calling and Holding a Board Meeting, Part 2
Monday, June 2, 2025
A Delaware Corporation's bylaws are crucial for outlining the operational framework and governance mechanics of a corporation, including the composition and procedures and rules regarding board directors and meetings. This is part two of our discussion on how board meetings are called and held in this two part blog series.... Continue Reading
Posted In: Business Strategies
Adding and Removing Directors on a Board
Tuesday, May 20, 2025
In short, and as discussed here, Delaware’s General Corporation Law provides that shareholders are ultimately responsible for appointment and removal of Directors, with the mechanics and processes relating to the vote, removal, and replacement ordinarily set forth in the corporation’s bylaws.... Continue Reading
Posted In: About Corporations
What is the Delaware Public Benefit LLC
Monday, May 5, 2025
Many entrepreneurs and investors are seeking to do good while profiting using a Delaware LLC. An LLC wishing to elect public benefit status must include a Public Benefit Statement in its Certificate of Formation.... Continue Reading
Posted In: The Delaware Advantage