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
Certificate of Formation and the Role of the Organizer
Tuesday, April 22, 2025
A Delaware LLC authorized person plays a role in the launch of the business. Read about the Certificate of Formation and an LLC organizer’s responsibilities.... Continue Reading
Posted In: About LLCs
The Delaware Certificate of Incorporation and the Role of the Incorporator
Monday, April 14, 2025
Are you starting a Delaware Corporation? Learn more about the process of drafting a Certificate of Incorporation and your role as the business’s incorporator.... Continue Reading
Posted In: About Corporations
Who are Officers in a Delaware Corporation and What Is Their Role?
Monday, March 24, 2025
Delaware law mandates that an officer of the corporation must be an individual and cannot be another entity; however, Delaware does not have restrictions in place about who can serve as an officer in a corporation.... Continue Reading
Posted In: About Corporations
4 Things to Know about Corporate Bylaws
Monday, March 17, 2025
Corporate bylaws provide the granular detail into how the corporation will operate and what its governance mechanics will be. They also describe the relationship among its Board of Directors, its officers and its shareholders.... Continue Reading
Posted In: Entrepreneurs & Start-Ups
A Fundamental Change Affecting All Federal Regulations
Tuesday, February 25, 2025
The 2024 Supreme Court decision to overturn the Chevron doctrine allows courts, not federal agencies, to interpret ambiguous laws. Learn more in our blog.... Continue Reading
Posted In: Compliance
General Partners in a Limited Partnership
Tuesday, February 11, 2025
Limited Partnerships can use people or other entities as their general partners. Learn about the benefits of using an LLC as a general partner at your LP.... Continue Reading
Posted In: Compliance
Delaware vs. Texas Corporate Law: Key Differences Explained
Monday, February 10, 2025
How does Texas stand up to Delaware’s corporate law structure? Learn more about the unique advantages of incorporating in each state.... Continue Reading
Posted In: The Delaware Advantage
Mistakes to Avoid When Adding a Registered Series
Monday, February 3, 2025
Clients attempting to file on their own have been met with confusion and frustration as their filings are rejected. Here are two of the reasons why they’ve been having trouble.... Continue Reading
Posted In: About LLCs