Harvard Business Services, Inc. specializes in forming Delaware companies and providing low-cost Registered Agent services. We take pride in delivering fast, impressive service to all our customers. Our experienced and knowledgeable staff will guide you through our seamless formation process. Whether you're forming your first company or your fifth, you'll appreciate our professionalism, low prices and lifetime customer service. We are always here for you; if you need help, just let us know and our friendly, professional staff will assist you. Harvard Business Services, Inc. makes the business formation process easy, so you can focus on growing your company.
Richard H. (Rick) Bell, II
Chairman & CEO
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If you're getting ready to launch a new business, chances are you know your product or service and your market like the back of your hand. But the mechanics of forming a business entity—knowing the terminology—may be more difficult to understand.
To help you sort through the terminology, Harvard Business Services, Inc. has included a comprehensive glossary to help guide you. To use the glossary, match the first letter of the term you want to look up with the alphabet list below, and click on that letter.
Of course, our team of business formation professionals is standing by to help you make informed decisions if you need more information.
Offshore Financial Centre -A jurisdiction that provides investors with legal frameworks for protecting their personal assets. Delaware is the best Offshore Financial Centre, and with its guarantee of confidentiality, and flexibile LLC structure.
Operating Agreement -The private, flexible contract between Members of an LLC that governs the creation, management, and daily affairs of the LLC.
Operating Company -A separate company that owns assets and then leases these assets to a Managing Company for actual use.
Organizational Meeting -The initial meeting of the initial directors wherein the board of directors is appointed, and the bylaws are adopted.
Organizer -An individual or entity that organizes an LLC on behalf of a client by filing the necessary formation documents with the Secretary of State and returning them to the client. Normally, the organizer is the LLC’s registered agent.