SINCE 1974
Should I Incorporate My Quarantine Business? Once you have your business plan set, it’s wise to incorporate your business sooner rather than later. There are a few reasons for this: Incorporating your business helps separate your personal assets from those of your business, only from the time it is filed. Delaying the filing delays that […]
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What Is a Quasi Entity? In order to understand what a quasi entity is, it’s important to first grasp what a Series LLC is. A Series LLC is a unique type of LLC where the Certificate of Formation allows it to “slice and dice” the LLC into an unlimited number of protected business units, each […]
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How Does a Series LLC Work? Take the example of electric scooter rental company Lime Scooters. A company like Lime Scooters could benefit from a Series LLC. It could group each of the 100 cities and college campuses worldwide that it services into 100 separate protected series under a Delaware Series LLC. Another approach could […]
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Sample Annual Corporation Meeting Agenda Stockholders elect directors Directors elect officers Retainer of accountant Discuss financial matters and Dividend Salaries for upcoming year Bonuses for previous year Profit sharing contribution Money Purchased Pension contribution Defined Benefit contribution Loans to or from corporation Large purchases (property and/or equipment) Leases (office and/or equipment) Employment agreements Stock purchase […]
Continue ReadingShould I Form an LLC in California or Delaware? Many people choose Delaware over California due to the favorable and consistent reputation of Delaware courts and judges. Compare this to the very unpredictable decisions that come out of California. California Courts are not known for business decisions. It would not be wise to leave the […]
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Do you want to make money while promoting clean and green practices? Are you promoting employment of disadvantaged people? A Public Benefit Corporation (“PBC”) in Delaware, which some refer to as a B-corporation, is a new type of corporate structure. It is a for-profit business that has a stated “public interest” purpose set out in […]
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