Most Popular Blogs
Non-Profit Corporation vs Public Benefit Corporation By Rick Bell Monday, June 10, 2024 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
Is an LLC a corporation? What's the Difference? By Rick Bell Monday, May 27, 2024 is an llc a corporationWhy is Google a corporation and YouTube an LLC? Both, of course, chose Delaware as their corporate home, even though they are headquartered elsewhere. So why did Google choose to form as a corporation and YouTube as an LLC?.. Read More
What Is a Non-Stock Corporation? By Paul Sponaugle Tuesday, May 21, 2024 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
Requirements for a Company Seal By Devin Scott Monday, May 20, 2024 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
5 Key Attitudes for Entrepreneurial Success By Jeremy Reed Tuesday, May 7, 2024 attitudes for entrepreneurial successNo entrepreneur succeeds in every business venture. Every successful entrepreneur fails at least once, if not twice. How entrepreneurs learn from and utilize their failures, however, is what matters, because in entrepreneurship, attitude is everything. Here are five key attitudes every entrepreneur must conquer in order to run a prosperous business venture... Read More
Delaware Blank Check Preferred Stock By Rick Bell Monday, April 29, 2024 delaware blank check preferred stockEvery Delaware General Corporation must have one class of common stock, but it can also have a second class of stock (or more) with customized terms for the different classes. The most popular second class of stock is called preferred stock because it can contain terms, negotiated between the Board of Directors and the recipient, that are preferred over the rights of common stockholders... Read More
Why Zero Par Value Stock Affects Franchise Tax By Amy Fountain Tuesday, April 16, 2024 Why Zero Par Value Stock Affects Franchise TaxWhen you form a corporation, the number of authorized shares and the par value will play a role in what your company will pay for the annual Delaware Franchise Tax. Most start-up companies are typically formed with a small number of authorized shares and a low (or zero) par value... Read More
What Is a Resale Certificate? By Devin Scott Monday, February 12, 2024 what is a resale certificateThe purpose of a resale certificate--also known as a tax exemption certificate--is to allow you to buy goods through your business without paying local sales tax... Read More
General Partnership vs Limited Partnership By Devin Scott Monday, December 4, 2023 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
What Is an LLC Operating Agreement? By Brett Melson Monday, October 23, 2023 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