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What Is the Delaware Court of Chancery? By Jeremy Reed Tuesday, April 6, 2021 What Is the Delaware Court of ChanceryThe Delaware Court of Chancery has a long history deciding on equity and fairness between parties. The tiny coastal state of Delaware is widely recognized as the best state in which to form a company, not only in the United States but throughout the world. One of the key reasons for this is the Delaware Court of Chancery... Read More
Top 10 Corporation & LLC Franchise Tax Questions By Amy Fountain Tuesday, March 30, 2021 top 10 franchise tax questionsHere are answers to 10 common Delaware corporation & LLC Franchise Tax questions... Read More
What Is an LLC Operating Agreement? By Brett Melson Tuesday, March 9, 2021 what is an llc operating agreementThe Delaware legislature created the limited liability company (LLC) in such a way as to allow the LLC's members the freedom to contract with one another upon whatever terms they deem are best suited to their company... Read More
Requirements for a Company Seal By Devin Scott Tuesday, February 9, 2021 Company Seal RequirementsMany companies use a company seal (also referred to as a corporate seal), although it is not required by law. A company seal contains the company’s name, the year of incorporation and the state in which the company was filed. Think of the company seal as the official signature of your company... Read More
Change of Ownership For an LLC Is Easy in Delaware By Brett Melson Tuesday, February 2, 2021 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. Unlike other states, Delaware requires very little information to be made public in order to form an LLC... Read More
What Is The Role of a President of a Corporation? By Michael Bell Tuesday, January 12, 2021 what does the president of a company doThe 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... Read More
General Partnership vs Limited Partnership By Devin Scott Monday, December 7, 2020 general partnership vs limited partnershipWhen partnering with a company or an individual, it is often important to know exactly what your roles, duties, and liabilities may be. There are two common types of partnerships that often get confused: general partnership and limited partnership... Read More
Banking Resolution Document - Definition and Templates By Devin Scott Tuesday, November 10, 2020 what is a banking resolution documentAt the first meeting of the members (for an LLC) or the Board of Directors (for a corporation) establishing a company, a corporate resolution about banking details is often included. Although a company may agree on several different types of resolutions during the meeting, the banking resolution is often the most commonly extracted resolution from the general minutes of the meeting... Read More
EIN Confirmation Letter By Brett Melson Tuesday, October 6, 2020 EIN Confirmation LetterIf we obtained the EIN number on behalf of your company, feel free to request that the 147C letter be faxed to us at (302) 645-1280. Once the fax has been received, we will email the letter to you as a courtesy... Read More
How Do You Change Your Business Name with the IRS? By Paul Sponaugle Tuesday, August 11, 2020 change your business name with the IRSUnder most circumstances, changing your business name will not require a new EIN, but you will typically have to notify the IRS. There are two main ways to so.. Read More