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
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
Learn about the importance of properly recording your board meeting minutes and some of the essentials that should be included in each document.... Continue Reading
Posted In: Business Strategies
If we obtained the EIN number on behalf of your company, feel free to request that the 147C letter be faxed to us at (302) 645-1280. Once the fax has been received, we will email the letter to you as a courtesy.... Continue Reading
Posted In: Business Strategies
Delaware continues to prove itself as a dominant force of business formations. Read our summary of the 2022 Delaware Secretary of State Annual Report.... Continue Reading
Posted In: Business Strategies
A trademark is typically the business name or company logo; it is important to have a unique, memorable name or emblem so your customers can easily identify your business amongst your competitors.... Continue Reading
Posted In: Entrepreneurs & Start-Ups
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
Learn about the rulings surrounding corporate board meetings and their relationship with the corporation’s bylaws. Read part 1 of our 2-part blog series today.... Continue Reading
Posted In: About Corporations
Under new provisions, limited liability companies and limited partnerships can develop a plan to divide the business and its assets and liabilities among two or more newly-created entities, with each business continuing independently.... Continue Reading
Posted In: The Delaware Advantage
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
Is there an error in your corporation’s latest annual report? Learn how to make the necessary changes and submit your Delaware Amended Annual Report.... Continue Reading
Posted In: About Franchise Tax
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
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
It's possible to convert an LLC to a series LLC. Here's how the process works & when/why you should consider this change. | File a Delaware LLC today.... Continue Reading
Posted In: About LLCs
In Delaware, the LLC Operating Agreement spells out all conditions of future sales or transfers. Traditionally, the LLC Operating agreement is amended internally within the LLC only.... Continue Reading
Posted In: About LLCs