Delaware Timetable for Canceling Your LLC Monday, February 19, 2024

If you have stopped using one of your LLCs and it’s time to close it, here is the Delaware timetable. Whether the company didn’t turn out as planned or you feel the company has run its course and it’s time to shut down, Harvard Business Services, Inc. is here to assist with any cancellation needs.... Continue Reading

Posted In: About LLCs

FinCEN Report Company Webinar – Intro to Corporate Transparency Act Tuesday, February 6, 2024

Harvard Business Services, Inc. recently partnered with FinCEN Report Company LLC to offer a service to our customers to assist with the new Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Report. Watch the Webinar – Intro to CTA in our newest blog post you its entirety.... Continue Reading

Posted In: Business Strategies

Why Venture Capitalists Prefer Delaware C-Corps Monday, February 5, 2024

The first requirement of every serious investor, angel investor and Venture Capitalist is the same: your company must be a Delaware C corporation before they will even consider investing in it.... Continue Reading

Posted In: About Corporations

What Does Service of Process Mean? Tuesday, January 23, 2024

In Delaware, service of process is the method by which a company is served time-sensitive legal documents, including lawsuits and subpoenas. The person receiving the service of process has a designated period of time in which to send a reply.... Continue Reading

Posted In: The Delaware Advantage

Why Delaware Corporate Law Matters So Much Monday, December 11, 2023

It’s a fact that Delaware is the Incorporation Capital of the World, but how has Delaware’s corporate law affected the business world, and why?... Continue Reading

Posted In: The Delaware Advantage

Disadvantages & Hidden Costs of a Sole Proprietorship Monday, November 6, 2023

Typically, a sole proprietorship makes you personally liable for all of your business debts and gets taxed at the personal (not corporate) tax rate. That's not all.... Continue Reading

Posted In: Business Strategies

How Much Cash Reserves Does Your Business Need? Tuesday, October 3, 2023

How much money in cash reserves should your company have? There is no one-size-fits-all answer to this question.... Continue Reading

Posted In: Business Strategies

What is a Micro Business? Monday, July 31, 2023

Similar to a small business, a micro business is a perfect option for a solopreneur who is a freelancer or independent contractor.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Where Is My Business Located? Monday, May 29, 2023

We explain what to tell the IRS if your company does not have an actual physical location or address | Where Is My Business Located?... Continue Reading

Posted In: Compliance

Pros and Cons to Running an LLC from Home Tuesday, May 16, 2023

Most people love the idea of working from home - but is it a good choice to run your LLC from home? Here are the pros and cons to running an LLC from home.... Continue Reading

Posted In: About LLCs

Forming a Delaware Company as a Non-Resident Monday, April 24, 2023

You are not required to live in (or even visit) Delaware to form your company within the state. Delaware’s Corporate Law structure does not impose restrictions on ownership or management of a Delaware company by a non-resident of the United States.... Continue Reading

Posted In: Compliance

Unusual Questions from Our Clients Tuesday, February 21, 2023

We communicate with our clients around the world frequently and our team is accustomed to fielding questions on all aspects of starting and maintaining a Delaware company. Still, there are the occasional questions that catch us off guard.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Business License or LLC? Which Comes First? Sunday, January 29, 2023

Obtaining a business license is not the same as forming an LLC or other legal entity for your business. Whereas the license approves your specific business in a certain jurisdiction, an LLC provides an official, legally-recognized business structure.... Continue Reading

Posted In: About LLCs

Operating Multiple Businesses Under One LLC Monday, November 7, 2022

It is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Business As") to operate an additional business under a different name.... Continue Reading

Posted In: About LLCs

What Is a Certificate of Incumbency? Monday, September 19, 2022

The Certificate of Incumbency displays the names and positions of the corporation’s directors and officers. It also includes information related to whether they were appointed or elected, and the term of their office.... Continue Reading

Posted In: About Corporations