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

Our 2022 Non-Profit Student Entrepreneur Scholarship Winner Monday, September 12, 2022

The winner of the Harvard Business Services 2022 Non-Profit Student Entrepreneur Scholarship is Mason Turner from Ohio. His non-profit "Huntington Support" aims to support families affected by the Huntington disease - an inherited condition, which affects the brain's nerve cells.... Continue Reading

Posted In: About Harvard

Perpetual Existence for Corporations Tuesday, September 6, 2022

A corporation typically “lives” separately from its founder(s), shareholders, and employees. In other words, regardless of individuals involved in the business quitting, retiring, or even passing away, the business entity will still exist.... Continue Reading

Posted In: About Corporations

Why Venture Capitalists Prefer Delaware C-Corps Monday, August 29, 2022

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 Every Startup Need? Monday, August 1, 2022

Every entrepreneur dreams of creating that perfect startup, one with fantastic publicity, additional rounds of abundant funding, huge sales and continued success. However, there are decisions that have to be made and paperwork that should be completed and submitted to the state of incorporation before a startup begins doing business. We talk about it in our blog.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Keep Your Communications Contact Details Current Tuesday, July 26, 2022

There are very few requirements to maintain a company’s good standing with the state of Delaware. Don’t forget to update us if any of your company’s contact information changes.... Continue Reading

Posted In: Compliance

Is Venture Capital Right for Your Business? Monday, July 25, 2022

Venture capitalists invest money into young businesses in exchange for an ownership stake and usually invest on behalf of a pool of investors.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Disadvantages & Hidden Costs of a Sole Proprietorship Monday, July 11, 2022

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

Do I Need a Business License for My Company? Monday, May 30, 2022

No matter what type of business you own—whether it’s in a physical storefront or based online—and regardless if it’s a small or large company, you are going to need to obtain and maintain a business license (possibly more than one).... Continue Reading

Posted In: Entrepreneurs & Start-Ups

How to Protect Your App Idea Legally Monday, May 23, 2022

Right now is a great time to build an app. The average mobile user uses 9 apps every day, and 30 apps in a month. You have a great chance to build an app that’s useful and profitable.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Cash Reserves: How Much Does Your Business Need? Monday, May 9, 2022

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

The Delaware Secretary of State Monday, May 2, 2022

The Delaware Secretary of State, who leads the Delaware Department of State, is appointed by the state’s Governor and is typically one of the Governor’s top advisors. The office of the secretary and the department he or she leads is located in Delaware’s capital, Dover.... Continue Reading

Posted In: The Delaware Advantage