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
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
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
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
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
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
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
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
If you would like to operate your Delaware corporation in Wisconsin, you must first file for Foreign Qualification, pay a fee and provide a Delaware Certificate of Good Standing.... Continue Reading
Posted In: Compliance
A Certificate of Formation is like a birth certificate for a new Delaware LLC. It is filed and must be approved by the Delaware Secretary of State. 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
If you would like your Delaware LLC or corporation to operate in the state of Wyoming, you will have to file for Foreign Qualification in order to be granted the authority to do business in Wyoming from the state.... Continue Reading
Posted In: Compliance
Many corporations that are headquartered elsewhere incorporate in Delaware in order to take advantage of Delaware’s corporate law structure, which is known for providing the best corporate liability protection.... Continue Reading
Posted In: Compliance
You can incorporate in Utah with a Delaware corporation or LLC by filing for Foreign Qualification. You will then have to provide a Delaware Certificate of Good Standing.... Continue Reading
Posted In: Compliance
An LLC that is formed in Delaware is domestic to Delaware and foreign to every other state. The Foreign Qualification process is the way in which another state gives a business owner the permission to operate in that state using the Delaware LLC.... Continue Reading
Posted In: Compliance
When a Delaware company is formed, the business is domestic to Delaware and foreign to every other state. If you are operating in the state of West Virginia with a Delaware corporation or LLC, your business is foreign to West Virginia. The process by which West Virginia gives your Delaware company permission to operate there is called Foreign Qualification. Each state’s requirements when it comes to Foreign Qualification are different.... Continue Reading
Posted In: Compliance