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
If you fail to comply with local compliance issues, you may be putting the protection of your company at risk; thus, if you’d like to operate your Delaware company in the state of Ohio, you must file for Foreign Qualification in order to do so.... Continue Reading
Posted In: Compliance
Foreign Qualification is the process in which another state gives your Delaware company the authority to operate there, but under Delaware’s law structure.... Continue Reading
Posted In: Compliance
Each state has different rules, policies and requirements for registering as a foreign entity. New Mexico has an application process and state fee, and requires your company’s Certificate of Good Standing from Delaware.... Continue Reading
Posted In: Compliance
If you would like to operate a business in the state of Washington with a Delaware company, your business is domestic to Delaware and foreign to Washington... Continue Reading
Posted In: Compliance
Oregon, like many other states, has an application process as well as a state fee, and will require your company’s Certificate of Good Standing from Delaware.... 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
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
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
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
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
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
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
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