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Business Terms for Delaware Companies By Andrew Millman Tuesday, April 9, 2019 Business Terms for Delaware CompaniesIf you own a Delaware company, there are several business terms you should be familiar with so you understand all your company’s important documents and dates... Read More
Advantages of a Delaware Close Corporation By Devin Scott Tuesday, March 26, 2019 advantages of a close corporationA 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... Read More
Where to Incorporate: Delaware vs Nevada Infographic By Michael Bell Tuesday, February 26, 2019 delaware vs nevadaOur infographic illustrates the many ways that Delaware is a better state to form a company in than Nevada... Read More
General Partnership vs Limited Partnership By Devin Scott Tuesday, February 19, 2019 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
How to Change Your Business Name with the IRS By Paul Sponaugle Tuesday, December 11, 2018 change your business name with the IRSUnder 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
Who Can Be a Member of an LLC? By Andrew Millman Tuesday, November 27, 2018 who can be a member of an llcAnyone 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
LLC Transfer of Interests [with templates] By Brett Melson Tuesday, November 20, 2018 transfer interests in an llcIn 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
EIN Confirmation Letter By Brett Melson Tuesday, November 6, 2018 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
What Is a Banking Resolution Document? By Devin Scott Tuesday, October 23, 2018 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
What Is The Role of a President of a Corporation? By Michael Bell Tuesday, October 16, 2018 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