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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.

Can I Convert a Corporation to an LLC? Monday, March 20, 2023

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

Things to Consider When Using a Symbol or Punctuation in a Legal Business Name Monday, March 6, 2023

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

Change of Ownership For an LLC Is Easy in Delaware Monday, February 27, 2023

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

How to Convert Your LLC to a Corporation Monday, February 20, 2023

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

What is the Delaware Public Benefit LLC Tuesday, February 14, 2023

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

Delaware Corporations and the Annual Report/Franchise Tax Tuesday, February 7, 2023

Find out when, where and how to file an annual report. Learn about the parts of an annual report and what your business will need to file on time each year.... Continue Reading

Posted In: Business Strategies

Board Requirements for Seeking Expert Advice Monday, January 9, 2023

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

What to Know about a Limited Liability Partnership Tuesday, January 3, 2023

A limited liability partnership is a general partnership that has elected to be treated as a limited liability partnership under Delaware law. An LLP is not set forth in a separate portion of the Delaware code; instead, the laws governing the features of an LLP are the same as those governing general partnerships.... Continue Reading

Posted In: Business Strategies

Mistakes to Avoid When Adding a Registered Series Monday, December 19, 2022

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

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