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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.

Board Requirements for Seeking Expert Advice Tuesday, May 14, 2024

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

Preserving Family Business Ownership with a Delaware LLC Monday, May 13, 2024

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

LLC Change of Ownership Checklist Tuesday, April 23, 2024

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 Subchapter S Tax Status? Tuesday, March 26, 2024

Seeking tax efficiency for your Delaware business? Discover the powerful benefits of electing Subchapter S status with the IRS. This unique tax classification avoids double taxation while providing pass-through taxation and liability protection. We break down the requirements, restrictions, and step-by-step process for new and existing corporations to obtain S Corp status.... Continue Reading

Posted In: Business Strategies

How to Get an ITIN Number Monday, February 26, 2024

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

Correcting Corporate Oversights: A Guide for Delaware Corporations Tuesday, February 13, 2024

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

A Lesson on Corporate Governance Tuesday, February 6, 2024

Delaware's legal environment presents a balanced paradigm between business interests and shareholder rights, safeguarding the integrity of the corporate world. Delaware's recent Court of Chancery decision regarding Elon Musk and Tesla serves as an important case study for entrepreneurs, business owners, and legal professionals... Continue Reading

Posted In: Business Strategies

Subchapter S Tax Status for a Delaware Corporation or LLC Tuesday, January 30, 2024

Electing Subchapter S Status for your corporation or LLC will allow your business to save money on taxes. Find out if your Delaware business is eligible.... Continue Reading

Posted In: Business Strategies

Bylaws - More Important Than You Might Think Monday, January 22, 2024

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

The Important Role of a Delaware Registered Agent Tuesday, January 9, 2024

What is the role of a Registered Agent? Find out more about the key responsibilities of a Delaware Registered Agent and how they can help your business.... Continue Reading

Posted In: Business Strategies

How to Take Corporate Minutes Monday, January 8, 2024

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

Certificate of Formation and the Role of the Organizer Tuesday, December 19, 2023

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

Adding and Removing Directors on a Board Monday, November 27, 2023

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 an LLC Operating Agreement? Monday, October 23, 2023

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

The Delaware Certificate of Incorporation and the Role of the Incorporator Tuesday, September 19, 2023

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