The HBS Blog offers insight on Delaware corporations and LLCs as well as information about entrepreneurship, startups, cryptocurrency, venture capitalism and general business topics.
What Is a Non-Stock Corporation?
By
Paul Sponaugle, Jarrod Melson, Esq.
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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Board Requirements for Seeking Expert Advice
By
Brett Melson
Tuesday, May 14, 2024
Directors often rely on experts in making decisions, to comply with their fiduciary duty of care in becoming adequately informed. This article discusses when a director may successfully claim reliance on experts in avoiding liability for a breach of his or her fiduciary duty of care...
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Preserving Family Business Ownership with a Delaware LLC
By
Brett Melson
Monday, May 13, 2024
A Delaware LLC can be very flexible when it comes to preserving ownership in the family business you've worked so hard to create. In fact, an LLC has the potential to preserve ownership for future decades...
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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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Preparing Your Delaware Company for Future Business
By
Justin Damiani
Monday, May 6, 2024
It’s not uncommon for clients to form a new Delaware company, but not begin conducting business activities right away. When and after forming a new Delaware entity, they’re sometimes many things that need to be accomplished prior to conducting business...
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What Does a Corporate Secretary Do?
By
HBS
Tuesday, April 30, 2024
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...
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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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LLC Change of Ownership Checklist
By
Brett Melson
Tuesday, April 23, 2024
Members of an LLC may change the LLC’s ownership and the terms governing its management and operation by amending its operating agreement. Here are five parties you’ll want to inform when you do so to avoid putting your company at any undue risk...
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How to Register a Delaware Company in New York
By
Devin Scott
Monday, April 22, 2024
If you want your Delaware company to operate in NY, you need to file for Foreign Qualification and keep your company compliant in both states...
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