We are noticing a new business trend that many clients are taking advantage of. First, they form an LLC and THEN they apply for their FFL (Federal Firearms License) with the ATF.... Continue Reading
Posted In: About LLCs
Many companies use a company seal (also referred to as a corporate seal), although it is not required by law. A company seal contains the company’s name, the year of incorporation and the state in which the company was filed. Think of the company seal as the official signature of your company.... Continue Reading
Posted In: Business Strategies
Mississippi, like many other states, will have an application process, a state fee, and will also require a Certificate of Good Standing from Delaware in order to foreign qualify to do business there. The approval time for Mississippi is often 5-15 business days.... Continue Reading
Posted In: Compliance
Maine, like many other states, will have an application process, a state fee, and will also require a Certificate of Good Standing from Delaware in order to foreign qualify to do business there. The approval time for Mississippi is often 10-15 business days.... Continue Reading
Posted In: Compliance
Harvard Business Services helps clients obtain Foreign Qualification and a Certificate of Authority in Minnesota and also can act as the company’s Registered Agent in Minnesota.... Continue Reading
Posted In: Business Strategies
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
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
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
The Foreign Qualification process for Michigan, similar to many other states, will require an application process, a state fee, and a Certificate of Good Standing from Delaware.... Continue Reading
Posted In: Compliance
When partnering with a company or an individual, it is often important to know exactly what your roles, duties, and liabilities may be. There are two common types of partnerships that often get confused: general partnership and limited partnership.... Continue Reading
Posted In: About LLCs
Kentucky, like other states, has an application process and a state fee in order to qualify to do business there as a foreign entity. The form that is filed with Kentucky is called a Certificate of Authority and grants your Delaware business the authority to operate in the state.... Continue Reading
Posted In: Compliance
The process in which one state gives you the authority to operate there even though you incorporated in another state is called Foreign Qualification. This post will address Delaware LLCs and Corporations that will operate in Kansas.... Continue Reading
Posted In: Compliance
At the first meeting of the members (for an LLC) or the Board of Directors (for a corporation) establishing a company, a corporate 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
The Certificate of Formation is the document you receive from the state of Delaware once your LLC is filed and approved by the Delaware Secretary of State, Division of Corporations.... Continue Reading
Posted In: About LLCs
Harvard Business Services will prepare the application, send to you for signature, obtain the Certificate of Good Standing from Delaware and file the completed package with Iowa.... Continue Reading
Posted In: Compliance