Posted by Devin Scott
Mission Statement vs Benefit Statement Tuesday, April 23, 2019

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

Advantages of a Delaware Close Corporation Tuesday, March 26, 2019

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

Doing Business in Michigan with a Delaware Company Monday, March 25, 2019

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

General Partnership vs Limited Partnership Tuesday, February 19, 2019

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

Operating in Kentucky with Delaware LLC or Corporation Tuesday, January 22, 2019

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

Operating in Kansas with a Delaware Company Monday, October 29, 2018

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

What Is a Banking Resolution Document? Tuesday, October 23, 2018

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

What is a Delaware LLC Certificate of Formation? Tuesday, September 25, 2018

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

Operating in Iowa with a Delaware LLC or Corporation Monday, September 24, 2018

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

Doing Business in Idaho with a DE LLC or Corporation Monday, September 10, 2018

To foreign qualify to do business in Idaho with your Delaware Company, Idaho has an application process, a state fee, and they also will require a Certificate of Good Standing from Delaware.... Continue Reading

Posted In: Compliance

Everything You Need to Know About Stock Transfers Tuesday, August 7, 2018

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

What Is a Conformed Signature? Tuesday, July 31, 2018

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

Foreign Qualify a Delaware Company in Alabama Monday, July 23, 2018

When incorporating in Delaware but operating in another state, your business will be considered domestic to Delaware and foreign to every other state. The process in which your home state gives you the authority to operate there is called Foreign Qualification.... Continue Reading

Posted In: Compliance

How to Register Your Delaware Company in Oklahoma Monday, June 25, 2018

Oklahoma, like many other states, requires an application process and a state fee, and also expects a Certificate of Good Standing from Delaware.... Continue Reading

Posted In: Compliance

What Is a Resale Certificate? Monday, June 4, 2018

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