Posted by Devin Scott
What Is a Banking Resolution Document? Tuesday, December 5, 2017

At the first meeting of the members (for an LLC) or the Board of Directors (for a corporation) establishing a company, a resolution about banking details is often included. Although a company may agree on several different types of resolutions during the meeting, the banking resolution is often the most commonly extracted resolution from the general minutes of the meeting.... Continue Reading

Posted In: About Corporations

Certificate of Incorporation: Delaware Tuesday, November 14, 2017

One of the many benefits of forming a Delaware corporation is that the Directors’ names are not required to be listed on the Certificate of Incorporation.... Continue Reading

Posted In: About Corporations

Mission Statement vs Benefit Statement Tuesday, November 7, 2017

Both Public Benefit Corporations and Non-Profit Corporations require additional language on the Certificate of Incorporation, in the form of a Benefit Statement (for a Benefit Corporation) or a Mission Statement (for a Non-Profit Corporation). There are typically differences in the language in these two statements.... Continue Reading

Posted In: About Corporations

How to Operate a Delaware Company in South Carolina Monday, October 30, 2017

If you would like to operate a Delaware company in South Carolina, you must complete the process of Foreign Qualification in order to register your business as a foreign entity there.... Continue Reading

Posted In: Compliance

Want to Register a Delaware Company in Rhode Island? Monday, October 23, 2017

You can operate a Delaware company in any state, as long as you foreign qualify the company and stay in compliance in both your domestic and foreign state.... Continue Reading

Posted In: Compliance

Company Seal Requirements | Why Use a Company Seal? Tuesday, October 10, 2017

Many companies use a company seal, which contains the company’s name, the year of incorporation and the state in which the company was filed. The company seal contains the company’s name, its year of incorporation and the state in which the company was filed. Think of the corporate seal as the official signature of your company.... Continue Reading

Posted In: Business Strategies

Everything You Need to Know About Stock Transfers Tuesday, September 19, 2017

Typically, people hand a stock certificate to a shareholder and then document the exchange in the company's stock transfer ledger, which is utilized to properly record the transfer.... Continue Reading

Posted In: About Corporations

Advantages of a Delaware Close Corporation Tuesday, August 22, 2017

A General Corporation can have as many shareholders as it sees fit. With a Close Corporation, there are restrictions on the sale or transfer of stock. The sale or transfer of stock in a Close Corporation can be restricted by the Right of First Refusal clause.... Continue Reading

Posted In: About Corporations

Are You Operating a Delaware Company in Indiana? Monday, July 31, 2017

Your Delaware company can legally operate in the state of Indiana once you file Foreign Qualification and complete the application process.... Continue Reading

Posted In: Compliance

What Is a Conformed Signature? Tuesday, July 18, 2017

A conformed signature indicates that a real signature has been used on the original document. Oftentimes, business transactions are done by smartphone while on the go. Many people know already that Delaware will accept faxed and emailed copies of documents that require signatures.... Continue Reading

Posted In: The Delaware Advantage

What Is a Resale Certificate? Tuesday, July 11, 2017

The purpose of a resale certificate--also known as a tax exemption certificate--is to allow you to buy goods through your business without paying local sales tax.... Continue Reading

Posted In: Business Strategies

Operating a Delaware Company in Nevada Monday, June 26, 2017

A Delaware company doing business in the state of Nevada is considered a foreign entity and must file for Foreign Qualification, which is not difficult but is necessary to stay in compliance.... Continue Reading

Posted In: Compliance

Business Bank Accounts for Delaware Companies Tuesday, June 6, 2017

If you own a Delaware LLC or corporation, here’s what banks typically require in order to open a business bank account.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Doing business in South Dakota with a Delaware Company Monday, May 15, 2017

If your business will have a physical presence by operating, hiring employees, banking or even holding an asset in a state other than its state of Incorporation, business owners typically foreign qualify their business to operate in that state.... Continue Reading

Posted In: Compliance

Foreign Qualify a Delaware Company in Tennessee Monday, April 17, 2017

Your Delaware company can operate legally in Tennessee, as long as you file for Foreign Qualification and stay in compliance in both states.... Continue Reading

Posted In: Compliance