The HBS Blog

The HBS Blog offers insight on Delaware corporations and LLCs as well as information about entrepreneurship, startups, cryptocurrency, venture capitalism and general business topics.

Change Your Business Name with the IRS By
change your business name with the IRS
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... Read More
2018 Franchise Tax for Corporations – Calculate Yours By
For a corporation, this filing is required to be completed by March 1 of every year in order to keep the company in a good standing existence. If the Annual Report and Franchise Tax fee are not paid by the deadline, the Delaware Secretary of State will automatically impose a late penalty with monthly interest... Read More
Announcing Our New Entrepreneurship Scholarship By
The new scholarship will be available to all undergraduate students at U.S.-based accredited colleges or universities who are majoring in entrepreneurship or another business program. Students can apply by submitting a short essay describing their entrepreneurial aspirations and business idea... Read More
Introducing Our New Account Management Tool By Harvard Business Services has developed and is now ready to officially launch our new account management tool. This new tool, called My Control Desk (or MCD for short), enables our clients to handle some of their most common transactions online at any time... Read More
Who Can Be a Member of an LLC? By
who can be a member of an llc
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... Read More
Delaware Introduces the Public Benefit LLC By
DE PBC LLC
Many entrepreneurs and investors are seeking to do good while profiting using a Delaware LLC. An LLC wishing to elect public benefit status must include a Public Benefit Statement in its Certificate of Formation... Read More
LLC Transfer of Interests [with templates] By
transfer interests in an llc
In Delaware, the LLC Operating Agreement spells out all conditions of future sales or transfers. Traditionally, the LLC Operating agreement is amended internally within the LLC only... Read More
The Delaware Secretary of State By
The Delaware Secretary of State, who leads the Delaware Department of State, is appointed by the state’s Governor and is typically one of the Governor’s top advisors. The office of the secretary and the department he or she leads is located in Delaware’s capital, Dover... Read More
Authorizing Shares for Your Delaware Corporation By
authorizing shares for your delaware corporation
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?".. Read More
Your Effective Date Affects Your Franchise Tax By
The Franchise Tax for Delaware LLCs and Delaware LPs is due on or before June 1st of each year, and the Delaware Franchise Tax and annual report for Delaware Corporations is due by March 1st each year. This cycle is triggered the second the company is officially on the books with the Delaware Secretary of State... Read More