Most Popular Blogs
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
Non-Profit Corporation vs Public Benefit Corporation By Rick Bell Tuesday, June 30, 2020 non-profit vs benefit corpUnlike a non-profit company, a PBC may be first and foremost engaged in a profitable enterprise of a very different nature from its mission, such as making food products, engaging in real estate investments or any other for-profit enterprise... Read More
What Is the Delaware Court of Chancery? By Jeremy Reed Monday, June 22, 2020 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
What is a Delaware Statutory Trust? By Rick Bell Monday, June 15, 2020 Delaware statutory trustDelaware is one of the few states in America to have a statutory trust law. Most states still rely upon common law trusts, which have many outdated rules that can create uncertainty about a number of legal aspects of the trust... Read More
What is a DBA, or Doing Business As? By Andrew Millman Tuesday, June 9, 2020 what is a DBA?Business owners often choose to operate under multiple, different names for a number of different ventures. For example, ABC Company, Inc. may find the need to set up multiple, different DBAs using the names XYZ Landscaping, Inc. and 123 Construction, Inc... Read More
4 Things to Know about Corporate Bylaws [Free Template] By Brett Melson Tuesday, May 12, 2020 4 Things To Know about corporate bylawsCorporate bylaws provide the granular detail into how the corporation will operate and what its governance mechanics will be. They also describe the relationship among its Board of Directors, its officers and its shareholders... Read More