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What Is a Banking Resolution Document? By Devin Scott Tuesday, December 5, 2017 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 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 Foreign Qualification? By Andrew Millman Tuesday, November 28, 2017 what is foreign qualificationForeign Qualification is the process of registering your Delaware LLC or corporation, which is considered domestic to the state of Delaware and foreign to all other states, as a foreign entity in your company's home state... Read More
Non-Profit Corporation vs Public Benefit Corporation By Rick Bell Tuesday, November 21, 2017 non-profit vs benefit corpA traditional non-profit—or not-for-profit—company aims to serve a public benefit without making a profit, as defined by the IRS. If a non-profit company decides to stop doing business and dissolve, it must distribute its assets among other non-profits... Read More
Can I Operate Multiple Businesses Under One LLC? By HBS Tuesday, October 31, 2017 Can I operate multiple businesses under one LLC?It is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Dusiness As") to operate an additional business under a different name... Read More
4 Things to Know about Corporate Bylaws [Free Template] By Brett Melson Tuesday, October 24, 2017 4 Things To Know about corporate bylawsCorprate 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
Delaware LLC Privacy: What's on Public Record? By Rick Bell Tuesday, October 17, 2017 delaware llc privacyA Delaware LLC filed through a professional Registered Agent affords you the highest level of confidentiality. Only the company name and the name and address of the Registered Agent typically appear on the Certificate of Formation, along with the date of filing and the company file number... Read More
Company Seal Requirements | Why Use a Company Seal? By Devin Scott Tuesday, October 10, 2017 Company Seal RequirementsMany companies use a company seal, which contains the company’s name, the year of incorporation and the state in which the company was filed. The company seal contains the company’s name, its year of incorporation and the state in which the company was filed. Think of the corporate seal as the official signature of your company... Read More
What Is a Non-Stock Corporation? By Paul Sponaugle Tuesday, October 3, 2017 what is a non-stock corporation?The common use of the non-stock corporation as the vehicle with which to obtain tax-exempt or non-profit status from the IRS has led to an interchangeability of the two terms, but this can be problematic... Read More
Venture Capitalists and Entrepreneurs By Meri Weiss Tuesday, September 26, 2017 what is a venture capitalistVenture Capitalists invest in burgeoning industries that are on a clear upswing, such as tech, SEO and biotech companies. They tend to invest in companies in the middle stages—after the shaky, risky early phase yet before the soaring, competitive phase... Read More
Everything You Need to Know About Stock Transfers By Devin Scott Tuesday, September 19, 2017 what to know about stock transfersTypically, people hand a stock certificate to a shareholder and then document the exchange in the company's stock transfer ledger, which is utilized to properly record the transfer... Read More