The Delaware Legislature adopted the amendments to the Delaware General Corporation Act which all directors, officers, and stockholders of Delaware corporations need to become familiar with. Jarrod Melson explains the changes you need to consider in this new blog.... Continue Reading
Posted In: About Corporations
Depending on how well you communicate your clickwrap agreement & amendments to your consumers, they may or may not hold any legal binding in court. Read Jarrod's new blog to get all the details.... Continue Reading
Posted In: Business Strategies
Read about corporate conflict resolution and the principle of neutrality in Delaware corporate law. Contact our team at Harvard Business Services, Inc. today.... Continue Reading
Posted In: Business Strategies
Discover some of the rules & regulations of setting director compensation. Learn about how the financial interest of both the director & the board can be met.... Continue Reading
Posted In: Business Strategies
The Delaware Court of Chancery issued an opinion about Delaware LLC veil piercing. Jarrod Melson reviews a few notes about piercing the corporate veil.... Continue Reading
Posted In: The Delaware Advantage
Part IV of the Selling Your Small Business series of posts discusses three features relating to the payment of the purchase price for a business: holdbacks, escrows and earnouts.... Continue Reading
Posted In: Business Strategies
This Part III of the Selling Your Small Business series of posts discusses the two main options for structuring the sale of a business: the sale of the assets of the business and the sale of the equity interests in the business entity. This post broadly describes the differences between the two approaches and the tax and liability implications of each upon the purchaser and the seller.... Continue Reading
Posted In: Business Strategies
On June 10, 2021, the Delaware Legislature passed a number of amendments to the Acts governing corporations, LLCs, and limited partnerships, making similar changes across the respective Acts. The amendments are expected to be effective as of August 1, 2021. This article focuses on three changes to LLCs, and the likely effect of amendments on drafting LLC operating agreements, and day-to-day dealings with LLC members and third-parties.... Continue Reading
Posted In: The Delaware Advantage
These new laws require that women and members of “underrepresented communities” constitute a certain percentage of the board of directors of certain companies, depending upon the size of the company’s board.... Continue Reading
Posted In: Business Strategies
Harvard Business Services has been following the status of this law closely for over a year, mindful of its substantial impact on our current and future formation and registered agent clients. The requirements of the Act have changed little over its various iterations.... Continue Reading
Posted In: Compliance
This article discusses the drawbacks and dangers of using certificated shares and the effect these issues can have on a corporation’s ability to maintain an accurate and up to date stock ledger, as required by the Delaware General Corporation Law (DGCL).... Continue Reading
Posted In: Business Strategies
In early 2020, we discussed a bill passed by the House of Representatives in October 2019 that would have forced nearly all small businesses organized as corporations or LLCs to disclose to the Treasury Department their shareholders’ or members’ names and personal information on an ongoing basis.... Continue Reading
Posted In: The Delaware Advantage
Honest services fraud is a powerful tool in prosecutors’ hands. It is not always intuitive, and the elements of the crime are sufficiently malleable to fit a broad swath of situations involving bribery or kickbacks.... Continue Reading
Posted In: Business Strategies
This post describes the amended provisions of Delaware Corporate Law relating to the conversion of a corporation to a public benefit corporation. The Amendment removed or amended two of the biggest roadblocks to such a conversion.... Continue Reading
Posted In: Entrepreneurs & Start-Ups
The poison pill is one of the most widely-used and popular protective measures used to combat hostile takeovers of companies. When triggered, it causes the target to issue a large amount of stock to the public at below-market prices, diluting the position of the potential acquirer and making a successful hostile takeover more expensive and time-consuming.... Continue Reading
Posted In: Business Strategies