Most Popular Blogs
Non-Profit Corporation vs Public Benefit Corporation
By
Rick Bell
Monday, June 10, 2024

Unlike 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...
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Is an LLC a corporation? What's the Difference?
By
Rick Bell
Monday, May 27, 2024

Why 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?..
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What Is a Non-Stock Corporation?
By
Paul Sponaugle
Tuesday, May 21, 2024

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...
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Requirements for a Company Seal
By
Devin Scott
Monday, May 20, 2024

Many 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...
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5 Key Attitudes for Entrepreneurial Success
By
Jeremy Reed
Tuesday, May 7, 2024

No 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...
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Delaware Blank Check Preferred Stock
By
Rick Bell
Monday, April 29, 2024

Every 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...
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Why Zero Par Value Stock Affects Franchise Tax
By
Amy Fountain
Tuesday, April 16, 2024

When 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...
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What Is a Resale Certificate?
By
Devin Scott
Monday, February 12, 2024

The 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...
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General Partnership vs Limited Partnership
By
Devin Scott
Monday, December 4, 2023

When 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...
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What Is an LLC Operating Agreement?
By
Brett Melson
Monday, October 23, 2023

The 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...
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