Most Popular Blogs
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 Most states still rely upon common law trusts, which have many outdated rules that can create uncertainty about a number of legal aspects of the trust...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
5 Key Attitudes for Entrepreneurial Success By Jeremy Reed Tuesday, December 13, 2022 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
Operating Multiple Businesses Under One LLC By HBS Monday, November 7, 2022 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 Business As") to operate an additional business under a different name... Read More
Why Do So Many Companies Incorporate in Delaware? By Rick Bell Monday, October 10, 2022 why do so many companies incorporate in delawareYou do not need to visit Delaware in order to form a business in the state. Delaware's Division of Corporations is the best in the world at processing business formation filings quickly, and it encourages entrepreneurs from across the country and around the world to form their businesses here... Read More
What Is a Non-Stock Corporation? By Paul Sponaugle Monday, June 13, 2022 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
Non-Profit Corporation vs Public Benefit Corporation By Rick Bell Monday, May 16, 2022 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