An image of Brett Melson

Vice President of Sales at Harvard Business Services. Brett assisted both new customers and seasoned clients with the formation process in an effortless and informative manner. In the 20+ years he has been with Harvard Business Services, Inc., Brett's knowledge of Delaware business entities has become encyclopedic. In addition to managing and training the company's sales and customer service teams, his blogs on the nuances of forming and maintaining Delaware companies have become a dependable source of important information for entrepreneurs, accountants and attorneys.

How a Family Business Can Set Up Its LLC Operating Agreement Monday, November 14, 2022

A Delaware LLC can be very flexible when it comes to preserving ownership in the family business you've worked so hard to create. In fact, an LLC has the potential to preserve ownership for future decades.... Continue Reading

Posted In: About LLCs

2021 Delaware Annual Report Tuesday, October 11, 2022

Read about the 2021 Delaware Annual Report and some of the most noteworthy statistics of the year. Contact Harvard Business Services, Inc. for more info.... Continue Reading

Posted In: The Delaware Advantage

How to Fix Business Mistakes in a Delaware Corporation Monday, August 8, 2022

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

Bylaws - More Important Than You Might Think Tuesday, July 12, 2022

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

Adding and Removing Directors on a Board Monday, June 20, 2022

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

When Is a “Doing Business As” Name Required? Tuesday, May 31, 2022

When a company executes contracts or otherwise acts in a legal capacity under a different name, a DBA is appropriate. Alternatively, abbreviating Brett’s Diner LLC as “Brett’s” on flyers and in marketing materials should not typically raise an issue.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

What Is an LLC Operating Agreement? Monday, April 25, 2022

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

LLC Change of Ownership Checklist Monday, April 18, 2022

Members of an LLC may change the LLC’s ownership and the terms governing its management and operation by amending its operating agreement. Here are five parties you’ll want to inform when you do so to avoid putting your company at any undue risk.... Continue Reading

Posted In: About LLCs

What Is the Role of Officers in a Delaware Corporation? Tuesday, March 15, 2022

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

Ensuring an LLC Will Have Perpetual Existence Monday, February 14, 2022

The LLC agreement has been a popular topic in many other blog postings. This post focuses on the LLC’s potential for perpetual existence, highlighting just how flexible the Delaware LLC can be and why over 70% of our new formations are the Delaware LLC!... Continue Reading

Posted In: About LLCs

How to Get an ITIN Number Tuesday, January 25, 2022

The term “ITIN” stands for Individual Tax Identification Number. Any person who needs a tax identification number but is not eligible to obtain a Social Security Number can apply for an ITIN. An ITIN is easy to identify, as it always begins with the number “9.”... Continue Reading

Posted In: Compliance

Filing S-Corp Status on a New Delaware Corporation Tuesday, January 11, 2022

The Subchapter S tax status, also known as an S corporation or S-Corp, is a very popular tax status for newly formed corporations. Subchapter S tax status allows for a unique taxation method whereby the profits and losses flow through the company to the shareholders.... Continue Reading

Posted In: Business Strategies

Things to Consider When Using a Symbol or Punctuation in a Legal Business Name Monday, November 15, 2021

Because of system limitations, the IRS will not recognize some symbols and punctuation in your business entity name, including some that are allowed by the Delaware Division of Corporations. Find out which symbols and punctuation are permissible according to the IRS and the State of Delaware and understand your options when considering a company name that includes a special character, symbol or punctuation not recognized by the IRS.... Continue Reading

Posted In: Compliance

6 Questions to Ask Before Joining a Board of Directors Monday, October 4, 2021

Serving on a corporate Board of Directors is not easy and there are questions a person who is asked to serve as a Director should consider before committing to the position.... Continue Reading

Posted In: Business Strategies

Delaware Secretary of State 2020 Annual Report Monday, August 16, 2021

The Delaware Secretary of State has finally released its much-anticipated Annual Report for 2020. The report highlights the accomplishments of the Delaware Division of Corporations, and the State’s record-breaking statistics for the past year.... Continue Reading

Posted In: The Delaware Advantage