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
Why is Google a corporation and YouTube an LLC? Both, of course, chose Delaware as their corporate home, even though they are headquartered elsewhere. So why did Google choose to form as a corporation and YouTube as an LLC?... Continue Reading
Posted In: About Corporations
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
The Delaware general corporation is the strongest company structure in the U.S. It offers a means to raise capital, has three tiers of power and follows bylaws. The bylaws of the company set forth the powers and the limits of power in each of the three tiers. Each group may have separate priorities, and they may clash occasionally.... Continue Reading
Posted In: About Corporations
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
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
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
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
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
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
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
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
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
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
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