The HBS Blog

The HBS Blog offers insight on Delaware corporations and LLCs as well as information about entrepreneurship, start-ups and general business topics.

What Is a Banking Resolution Document? By
what is a banking resolution document
At the first meeting of the members (for an LLC) or the Board of Directors (for a corporation) establishing a company, a resolution about banking details is often included. Although a company may agree on several different types of resolutions during the meeting, the banking resolution is often the most commonly extracted resolution from the general minutes of the meeting... Read More
What Does Every Startup Need? By
What Does Every Startup Need
Certain paperwork should be completed and submitted to the state of incorporation before a startup begins doing business... Read More
What Is Foreign Qualification? By
what is foreign qualification
Foreign Qualification is the process of registering your Delaware LLC or corporation, which is considered domestic to the state of Delaware and foreign to all other states, as a foreign entity in your company's home state... Read More
LLC Transfer of Interests [with templates] By
transfer interests in an llc
In 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
Non-Profit Corporation vs Public Benefit Corporation By
non-profit vs benefit corp
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
How to Add a Series to a Delaware Series LLC By
how to add a series to a delaware series llc
A Series LLC is a viable option for business owners who operate multiple types of businesses—they can form a separate LLC for each aspect of their business... Read More
Certificate of Incorporation: Delaware By
Certificiate of Incorporation Delaware
One of the many benefits of forming a Delaware corporation is that the Directors’ names are not required to be listed on the Certificate of Incorporation... Read More
A New Company for a New Year By
new delaware company in 2018
Did you know you can set up a new Delaware LLC or Delaware corporation so it’s ready for business at the start of 2018 and you save $100 plus don’t have to pay Franchise Tax until 2019?.. Read More
Mission Statement vs Benefit Statement By
mission statement vs benefit statement
Both Public Benefit Corporations and Non-Profit Corporations require additional language on the Certificate of Incorporation, in the form of a Benefit Statement (for a Benefit Corporation) or a Mission Statement (for a Non-Profit Corporation). There are typically differences in the language in these two statements... Read More
What Are a Corporate Secretary’s Responsibilities? By
what is a corporate secretary
Many people think a Corporate Secretary’s role is merely to take and record meeting minutes. While doing so is, indeed, one of the Corporate Secretary’s responsibilities, it is nowhere near the entirety of this pivotal role... Read More