Posted by Brett Melson
Interesting Facts About Delaware Monday, March 29, 2021

There’s much more to the state of Delaware than tax-free shopping; here are some interesting Delaware facts.... Continue Reading

Posted In: The Delaware Advantage

Eight Principles for Taking Corporate Meeting Minutes Monday, March 22, 2021

Maintaining consistent, quality minutes is a task easily overlooked in many companies. Corporate meeting minutes represent the definitive, record of the matters the board discussed or otherwise considered at its meetings.... Continue Reading

Posted In: Business Strategies

What Is an LLC Operating Agreement? Tuesday, March 9, 2021

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

How to Take Corporate Minutes Monday, March 1, 2021

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

How to Close a Company Tuesday, February 16, 2021

Do you want to close or cancel your Delaware LLC or corporation? Here's how.... Continue Reading

Posted In: About Corporations

Board Requirements for Seeking Expert Advice Monday, February 8, 2021

Directors often rely on experts in making decisions, to comply with their fiduciary duty of care in becoming adequately informed. This article discusses when a director may successfully claim reliance on experts in avoiding liability for a breach of his or her fiduciary duty of care.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Change of Ownership For an LLC Is Easy in Delaware Tuesday, February 2, 2021

Change of ownership for an LLC can be complicated and requires costly amendments in most U.S. states. However, not in the state of Delaware. Unlike other states, Delaware requires very little information to be made public in order to form an LLC.... Continue Reading

Posted In: About LLCs

Can I Convert a Corporation to an LLC? Tuesday, January 5, 2021

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

How a Dual Class Share Structure Affects Shareholder Voting Rights Monday, January 4, 2021

In a dual class share structure, public investors in an IPO receive common stock with little to no voting rights, while founders receive either the only voting stock in the corporation or stock with voting power often ten-times that of public investors.... Continue Reading

Posted In: About Corporations

Filing S-Corp Status on a New Delaware Corporation Tuesday, October 20, 2020

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

EIN Confirmation Letter Tuesday, October 6, 2020

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

Best States for Business, Ranked by Lawyers Tuesday, September 29, 2020

The 2019 Lawsuit Climate Survey “Ranking the States: A Survey of the Fairness and Reasonableness of State Liability Systems” from the Institute for Legal Reform ranks Delaware number one again!... Continue Reading

Posted In: The Delaware Advantage

6 Benefits of Registering Your Trademark Tuesday, September 8, 2020

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

How to Convert Your LLC to a Corporation Tuesday, August 25, 2020

The most common reason to change an LLC to a corporation is that the company needs to be able to issue shares of stock in order to bring on investors or raise venture capital | Convert an LLC to a corporation.... Continue Reading

Posted In: Business Strategies

Delaware’s 2019 Corporate Annual Report Just Released Tuesday, August 4, 2020

The 2019 Annual report from the Delaware Division of Corporations Secretary of State has been released and reiterates why accountants, attorneys and business professionals from all around the world use Delaware as the state to incorporate.... Continue Reading

Posted In: The Delaware Advantage