A General Corporation can have as many shareholders as it sees fit. With a Close Corporation, there are restrictions on the sale or transfer of stock. The sale or transfer of stock in a Close Corporation can be restricted by the Right of First Refusal clause.... Continue Reading
Posted In: About Corporations
Our website is now in full Responsive Design, making it easier for you to use across all your devices, such as smart phones, tablets and desktops.... Continue Reading
Posted In: About Harvard
Why do businesses incorporate in Delaware? Tax liability, legal protection and a variety of other reasons, such as Delaware has no minimum bank account requirement for a company’s bank account.... Continue Reading
Posted In: The Delaware Advantage
The person who is President of a company is in the highest position within an organization and, in some cases, takes on the title of Chief Executive Officer as well.... Continue Reading
Posted In: About Corporations
Business owners often choose to operate under multiple, different names for a number of different ventures. For example, ABC Company, Inc. may find the need to set up multiple, different DBAs using the names XYZ Landscaping, Inc. and 123 Construction, Inc.... Continue Reading
Posted In: Business Strategies
Forming a business entity is just the beginning. There are many pivotal steps you’ll need to take before your new company can start doing business.... Continue Reading
Posted In: Entrepreneurs & Start-Ups
Once a Delaware LLC has its Certificate of Formation stamped and approved by the state of Delaware, the next step is to obtain a Federal Tax ID Number, also known as an EIN, from the IRS.... Continue Reading
Posted In: About LLCs
Your Delaware company can legally operate in the state of Indiana once you file Foreign Qualification and complete the application process.... Continue Reading
Posted In: Compliance
Anyone in the world can be a member of a Delaware LLC or corporation. Generally, the members of an LLC are individuals, but it doesn’t stop there. Many people opt to set up the Delaware LLC with another company as the member. This can be a corporation, LP or even another Delaware LLC.... Continue Reading
Posted In: About LLCs
Delaware corporate law has had an immense and ongoing effect on the business world, shaping various aspects of the corporate sector.... Continue Reading
Posted In: Business Strategies
A conformed signature indicates that a real signature has been used on the original document. Oftentimes, business transactions are done by smartphone while on the go. Many people know already that Delaware will accept faxed and emailed copies of documents that require signatures.... Continue Reading
Posted In: The Delaware Advantage
The Subchapter S tax status, also known as an S corporation or S-Corp, is a very popular tax status for newly formed corporations. Subchapter S tax status allows for a unique taxation method whereby the profits and losses flow through the company to the shareholders.... Continue Reading
Posted In: Business Strategies
The purpose of a resale certificate--also known as a tax exemption certificate--is to allow you to buy goods through your business without paying local sales tax.... Continue Reading
Posted In: Business Strategies
We can check the company name for any Delaware startup, and typically receive a definitive answer on whether or not it contains any restricted words and if the proposed company name will get approved by the Delaware Division of Corporations.... Continue Reading
Posted In: Entrepreneurs & Start-Ups
Under most circumstances, changing your business name with the IRS will not require a new EIN—though it will require an EIN name change. To make this determination, see IRS Publication 1635.... Continue Reading
Posted In: Business Strategies