Most Popular Blogs
Non-Profit Corporation vs Public Benefit Corporation
Monday, July 2, 2018
A 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
What Is the Delaware Court of Chancery?
Tuesday, June 26, 2018
The 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
Why Incorporate Your Band?
Tuesday, June 19, 2018
The reason a band should incorporate is because most musicians’ dreams are to become the next Rolling Stones, Mumford & Sons or Maroon 5. However, in order to do that, you have to attract the notice of an A&R representative and then get signed to a record label... Read More
Delaware Blank Check Preferred Stock
Tuesday, June 12, 2018
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... Read More
Anatomy of an S Corporation [INFOGRAPHIC]
Tuesday, June 5, 2018
What is an S corporation and how does being one help a company? Find out in our simple infographic... Read More
What Is a Resale Certificate?
Monday, June 4, 2018
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... Read More
The Court of Chancery: Part of the Delaware Advantage
Tuesday, May 22, 2018
Delaware’s “corporate crown” can be credited in large part to a court system whose roots reach back to feudal England. In its infancy the Court of Chancery was set up by the King of England to hear matters where no law was in existence to settle some disputes... Read More
EIN vs ITIN: What's the Difference?
Tuesday, May 15, 2018
There are many numbers that are used to identify ourselves and our corporations or LLCs, such as a Social Security number, driver's license number, passport number, DUNS number and EIN (Employer Identification Number).
Many business owners and employees wonder about the differences between the Federal Employer Tax ID number (EIN) and the individual taxpayer identification number (ITIN)... Read More
What is a Series LLC? Should I Form One?
Tuesday, May 8, 2018
The Delaware LLC laws allow for the creation of a very interesting and unique entity, the series LLC. In a Delaware series LLC, each series is treated as a separate entity, meaning the debts, liabilities, obligations and expenses of one series cannot be enforced against another series of the LLC, or against the LLC as a whole... Read More
The History of the Delaware Court of Chancery
Tuesday, April 24, 2018
The Court of Chancery possesses, and relies on, many years of judicial precedents; it is these judicial precedents that the founders and CEO’s of some of the world’s biggest and most successful companies are seeking when they incorporate in Delaware... Read More