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Business Structure: LLC
By Andrew Millman Wednesday, May 24, 2017

business structure of an llcA 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.".. Read More

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I Can't Find My Employee Identification Number
By Brett Melson Tuesday, May 23, 2017

I can't find my EINIf you've lost your EIN, there are ways you can retrieve the number, such as the IRS, your bank or, if we obtained the EIN for you, call us... Read More

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The Delaware Series LLC Operating Agreement & Structure
By Brett Melson Tuesday, May 16, 2017

delaware series llcUnder Delaware law, a series LLC (limited liability company) may be composed of individual series of membership interests. This type of entity is referred to as a Delaware series LLC. Here's what you need to know about the Delaware series LLC, including the series LLC operating agreement... Read More

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Delaware Blank Check Preferred Stock
By Rick Bell Tuesday, April 11, 2017

delaware blank check preferred stockEvery 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... Read More

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Where to Incorporate: Delaware vs Nevada Infographic
By Michael Bell Tuesday, April 4, 2017

delaware vs nevadaOur infographic illustrates the many ways that Delaware is a better state to form a company in than Nevada... Read More

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Dissolve a Corporation with Certificate of Dissolution
By Jeremy Reed Tuesday, March 28, 2017

a certificate of dissolutionThere are two ways to close a company: either dissolve a corporation with a Certificate of Dissolution or don’t file a certificate. Both are legal--it just depends on your particular situation... Read More

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How To Order a Delaware Certificate of Good Standing
By Amy Fountain Tuesday, March 21, 2017

how to order a delaware certificate of good standingThere will be times when you’ll need to check on the status of your Delaware entity and obtain a Delaware Certificate of Good Standing (also known as a Certificate of Existence). Perhaps you are applying for a bank loan or filing for Foreign Qualification in another state. Maybe you are entering into a contract with a third party, or maybe your corporation is merging with another corporation... Read More

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Why Zero Par Value Stock Affects Franchise Tax
By Amy Fountain Tuesday, March 14, 2017

Why Zero Par Value Stock Affects Franchise TaxWhen you form a corporation, think about Franchise Tax when you’re deciding the number of authorized shares and the par value of the shares. Most start-up companies are typically formed with a small number of authorized shares and a low (or zero) par value... Read More

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Change of Ownership For an LLC Is Easy in Delaware
By Brett Melson Tuesday, March 7, 2017

change of ownership for an llcChange of ownership for an LLC can be complicated and requires costly amendments in most U.S. states. However, not in the state of Delaware. The only document required to be filed in Delaware to create an LLC is the Certificate of Formation. Unlike other states, Delaware requires very little information to be made public in order to form an LLC... Read More

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Pros and Cons of a Delaware Series LLC
By Brett Melson Tuesday, February 28, 2017

pros and cons of a delaware series llcUnder Delaware law, a limited liability company (LLC) may be composed of an individual series of membership interests. This type of entity is referred to as a Delaware series LLC... Read More

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What is a Delaware LLC Certificate of Formation?
By Devin Scott Tuesday, February 21, 2017

delaware LLC certificate of formationA Certificate of Formation is like a birth certificate for a new Delaware LLC. It is filed and must be approved by the Delaware Secretary of State. The Certificate of Formation is the document you receive from the state of Delaware once your LLC is filed and approved by the Delaware Secretary of State, Division of Corporations... Read More

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