Posted by Devin Scott
An LLC Could Help With Your FFL Application Tuesday, October 29, 2019

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

Requirements for a Company Seal (also known as Corporate Seal) Tuesday, August 6, 2019

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

You Can Operate in Mississippi with a Delaware Company Monday, July 1, 2019

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

Are You Doing Business in Maine with a Delaware Company? Monday, June 24, 2019

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

Are You Operating in Minnesota with a Delaware Company? Monday, June 10, 2019

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

Business Bank Accounts for Delaware Companies Tuesday, May 28, 2019

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

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