An image of Rick Bell

Rick started Harvard Business Services, Inc. in 1981 in Wilmington, Delaware in order to offer an easy and inexpensive way for individuals to go into business for themselves and fulfill their dreams. Today, the company employs over 40 people and has helped form more than 250,000 companies.

Delaware LLC: What's on Public Record? Tuesday, September 14, 2021

A Delaware LLC filed through a professional Registered Agent affords you the highest level of confidentiality. Only the company name and the name and address of the Registered Agent typically appear on the Certificate of Formation, along with the date of filing and the company file number.... Continue Reading

Posted In: The Delaware Advantage

Need Help Issuing Stock for Your Company? Tuesday, June 1, 2021

The steps to selling stock in your company include: determining your registration exemption, approving the issuance of stock, and recording the stock transaction. Find a complete checklist in this article.... Continue Reading

Posted In: Business Strategies

Why Do So Many Companies Incorporate in Delaware? Tuesday, May 18, 2021

You do not need to visit Delaware in order to form a business in the state. Delaware's Division of Corporations is the best in the world at processing business formation filings quickly, and it encourages entrepreneurs from across the country and around the world to form their businesses here.... Continue Reading

Posted In: The Delaware Advantage

Get a Digital Stock Ledger for Your Delaware Corporation Monday, October 5, 2020

We believe StockTreasury is the first, and currently the ONLY, digital stock ledger available with blockchain security. We think you’ll find StockTreasury easy to use and compared to Carta and other non-blockchain SaaS platforms, extremely reasonably priced.... Continue Reading

Posted In: About Corporations

Non-Profit Corporation vs Public Benefit Corporation Tuesday, June 30, 2020

Unlike a non-profit company, a PBC may be first and foremost engaged in a profitable enterprise of a very different nature from its mission, such as making food products, engaging in real estate investments or any other for-profit enterprise.... Continue Reading

Posted In: About Corporations

Delaware Corporation Directors Cannot Be Undisclosed Tuesday, June 16, 2020

On the Delaware Annual Franchise Tax Report, all corporations must list their Company Name; Company Address; Names & Addresses of all Directors; Name & Address of one Officer.... Continue Reading

Posted In: About Corporations

What is a Delaware Statutory Trust? Monday, June 15, 2020

Delaware is one of the few states in America to have a statutory trust law. Most states still rely upon common law trusts, which have many outdated rules that can create uncertainty about a number of legal aspects of the trust.... Continue Reading

Posted In: The Delaware Advantage

Book Review: The Startup Checklist, by David S. Rose Monday, May 18, 2020

Like a personal mentor and guide for your business startup, this book details the steps you need to take to create a business unicorn.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Finding Angel Investors for Your Company Monday, May 11, 2020

Angel groups need applicants that suit their investment criteria. Still, they turn down a majority of applicants because they get so many. Nobody will be turned on by your claiming to be the next Amazon or Facebook. Be confident and direct.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

The Delaware Dynasty Trust: Another Delaware Advantage Tuesday, April 14, 2020

Setting up a Delaware Dynasty Trust is something you should not attempt without top-tier legal advice. Since the purpose is mainly to protect the breakup of your interest in your company, you’ll want it to outlast legal challenges long after you’re gone.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

Where Should I Form My Company? Monday, April 6, 2020

If you were forming a local plumbing firm, I would say form it in your home state, but if you’re out to build a business that will be global in nature and scale up to what might now seem like a mighty dream, then Delaware is the only way to go.... Continue Reading

Posted In: The Delaware Advantage

Delaware Blank Check Preferred Stock Tuesday, January 21, 2020

Every Delaware General Corporation must have one class of common stock, but it can also have a second class of stock (or more) with customized terms for the different classes. The most popular second class of stock is called preferred stock because it can contain terms, negotiated between the Board of Directors and the recipient, that are preferred over the rights of common stockholders.... Continue Reading

Posted In: About Corporations

Who Will Invest In Your Company? Monday, October 14, 2019

When you’re just starting out and looking for investors for your new company, forget the standard sources of capital; forget the banks; forget the Venture Capital firms; forget the finance companies; and forget the Small Business Association.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

How to Buy Stock in Private Tech Unicorns Tuesday, June 25, 2019

Many tech startups are staying private for longer periods of time, as they require tremendous injections of cash over their extended phases of growth, but now you can buy stock in them.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

The Structure of the Limited Liability Company Tuesday, February 27, 2018

A member of an LLC may also function as a manager, but an LLC does not need to have a manager; members can run the company on their own. As for managing-member vs member classifications, it is simple: when a member is also a manager, he or she is usually referred to as a "managing-member."... Continue Reading

Posted In: About LLCs