IT/System Administrator at Harvard Business Services, Inc.

What Is a Non-Stock Corporation? Tuesday, May 21, 2024

The common use of the non-stock corporation as the vehicle with which to obtain tax-exempt or non-profit status from the IRS has led to an interchangeability of the two terms, but this can be problematic.... Continue Reading

Posted In: About Corporations

How to Change Your Business Name with the IRS Monday, August 21, 2023

Under most circumstances, changing your business name will not require a new EIN, but you will typically have to notify the IRS. There are two main ways to so... Continue Reading

Posted In: Business Strategies

Par Value: How Low Can You Go? Monday, October 3, 2022

Par value is the lowest limit set to the value of a share of stock in a corporation. Shares can be sold for more than par value, but not less.... Continue Reading

Posted In: About Corporations

An EIN Number Lasts Forever…and Ever…and Ever Tuesday, September 7, 2021

When closing a business, there is much to consider. On a federal level, a business must file an annual return the year it goes out of business.... Continue Reading

Posted In: Compliance

Authorizing Shares for Your Delaware Corporation Tuesday, November 13, 2018

Now that you've formed a corporation, you may wonder about authorizing shares for your Delaware corporation. How many shares do you need and at what "par value?"... Continue Reading

Posted In: About Corporations

How to Convert a C Corporation to an LLC Tuesday, January 13, 2015

To convert your C-corp to an LLC, file a conversion with your state & then notify the IRS. You can also convert an LLC to S-corp tax status.... Continue Reading

Posted In: About Corporations

What is The Hague and The Apostille de La Haye? Wednesday, October 28, 2009

The Hague Conference on Private International Law has had a major influence on the international legal community.... Continue Reading

Posted In: Compliance

How Thin Is Your Corporate Veil? Tuesday, September 15, 2009

Whether forming a corporation or an LLC, most entrepreneurs look for a way to separate themselves from the debts and liabilities of their businesses.... Continue Reading

Posted In: About LLCs

Delaware Court of Chancery Creating a Buzz Tuesday, June 23, 2009

When it comes to gossip in the corporate legal community, the Delaware Court of Chancery has made for interesting water-cooler conversation lately.... Continue Reading

Posted In: The Delaware Advantage