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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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Angel Investing: Words of Wisdom from David S. Rose
By Rick Bell Monday, February 6, 2017

angel investing david s roseLearn everything about angel investing by reading David Rose’s "Angel Investing: The Gust Guide to Making Money and Having Fun Investing in Startups." As of now, after more than 25 years of investing in more than 100 start-up companies, David S. Rose is recognized by just about everybody as one of the world’s most active angel investors... Read More

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The Problem with Marijuana Industry Startups
By Brett Melson Monday, January 9, 2017

cannabis startupsThe cannabis industry is one of the nation's fastest growing industries and is generating enormous interest from entrepreneurs, investors and, of course, regulators and tax authorities. Twenty-eight states and the District of Columbia have legalized medical marijuana, with fourteen states authorizing the sale and use of medical marijuana just within the last five years... Read More

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EIN vs ITIN: What's the Difference?
By Brett Melson Tuesday, December 13, 2016

ein vs itinThere are many numbers that are used to identify ourselves and our corporations or LLCs, such as a Social Security number, driver's license number, passport number, DUNS number and EIN (Employer Identification Number). Many business owners and employees wonder about the differences between the Federal Employer Tax ID number (EIN) and the individual taxpayer identification number (ITIN)... Read More

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