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
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
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
2023 had several records and milestones for corporate growth in Delaware. Read some of the highlights from the 2023 Delaware Secretary of State Report.... Continue Reading
Posted In: Business Strategies
Learn how to easily change a company’s name. We'll help you file a Certificate of Amendment, which alters your company name quickly and painlessly with the state.... Continue Reading
Posted In: Business Strategies
Confused about FinCEN's BOI reporting requirements? Learn the 6 key criteria that define an inactive company exempt from filing. Don't risk penalties - discover if your business qualifies and get expert guidance on ensuring compliance with the Corporate Transparency Act.... Continue Reading
Posted In: Compliance
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
Learn about scenarios where your company will need to submit a change to its Beneficial Ownership Report after the report has already been submitted.... Continue Reading
Posted In: Corporate Transparency Act
The IRS releases very little information to the public and takes privacy and confidentiality of personal and business tax-related info very seriously. Only a Responsible Party, an officer of a corporation, partner in a partnership, or general partner of a limited partnership can call the IRS and retrieve an EIN.... Continue Reading
Posted In: Entrepreneurs & Start-Ups
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
An LLC offers the limited liability of a corporation and flexible taxation. To file and form both an LLC requires little to no personal information, and Harvard Business Services makes the process simple and convenient. In this article, learn about LLC taxation options including: Disregarded Entity Status, the Partnership Tax, and S-Corp Election... Continue Reading
Posted In: About LLCs
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
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
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
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