Most Popular Blogs
What Is the Delaware Court of Chancery? By Jeremy Reed Monday, June 19, 2023 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
4 Things to Know about Corporate Bylaws By Brett Melson Monday, June 5, 2023 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
Business Terms for Delaware Companies By Andrew Millman Monday, April 17, 2023 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
LLC Transfer of Interests By Brett Melson Monday, March 27, 2023 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
Change of Ownership For an LLC Is Easy in Delaware By Brett Melson Monday, February 27, 2023 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 Happens when You Don’t Pay Your Franchise Tax? By Andrew Millman Monday, February 13, 2023 If you miss a Franchise Tax payment for your Delaware company, this will always be on the record with the Delaware Division of Corporations, even if you pay all the past due Franchise Tax and bring the company back into good standing... Read More
Doing Business in Florida as a Foreign Corporation By Devin Scott Monday, January 30, 2023 Foreign Qualification is the manner in which Florida grants you permission to operate your Delaware corporation there. It is a very important step that is sometimes forgotten, but if you fail to comply with Florida's local compliance regulations, you may be putting yourself and your company at risk... Read More
Business Bank Accounts for Delaware Companies By Devin Scott Tuesday, January 24, 2023 Business bank accounts for delaware companiesIf you own a Delaware LLC or corporation, here’s what banks typically require in order to open a business bank account... Read More
What is a Delaware Statutory Trust? By Rick Bell Monday, January 23, 2023 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
Who Can Be a Member of an LLC? By Andrew Millman Monday, January 2, 2023 who can be a member of an llcAnyone in the world can be a member of a Delaware LLC. 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, Limited Partnership or even another Delaware LLC... Read More