Matthew Dochnal, Author at IncNow

Post Archives for Matthew Dochnal

9 Mistakes Delaware LLC Owners Make

By Matthew Dochnal June 27, 2023

Confused business woman asking questions.

Mistake #1: Not Completing and Signing the Operating Agreement. A Delaware LLC should have a written LLC Operating Agreement signed by all of the LLC Members. Some Delaware LLC owners may forget to complete and sign their LLC Operating Agreement. The LLC Operating Agreement is an important document that establishes the organization and management of […]

Can a Delaware LLC Do Business in Florida? Florida Foreign Qualification, Explained

By Matthew Dochnal June 13, 2023

Can a Delaware LLC Do Business in Florida? Yes, a Delaware LLC can do business in Florida. However, you’ll need to do something called foreign qualification first. In business, foreign qualification is the process a company goes through to register to do business in another state. When Does a Delaware LLC Need to Register […]

How Do Corporations Work? What to Know About Shareholders, Directors, and Officers

By Matthew Dochnal

a board of directors gathered around a table holding an annual meeting

Corporations play a significant role in the business world. Entrepreneurs use the legal structure of a corporation to protect themselves from risks and grow their businesses into large enterprises. While you may interact with corporations nearly every day, you may not fully understand how they work. In this article, we break a corporation […]

Can a Delaware LLC Do Business in New York?

By Matthew Dochnal June 1, 2023

Does a Delaware LLC Need to Register in New York? First, let’s discuss when a Delaware LLC needs to register as a foreign entity in New York. To put it simply, if your Delaware LLC is going to do business or have a physical presence in New York, you will need to complete a […]

Can a Delaware LLC Do Business in Other States? A Guide to Foreign Qualification

By Matthew Dochnal May 23, 2023

What Is a Foreign Qualification? A foreign qualification legally allows a business entity, like an LLC or corporation, to operate outside its original state. For instance, if a candy store was initially set up as a Delaware LLC and now plans to expand into Florida, it needs to register the Delaware LLC as a […]

How to Structure an LLC: Member-Managed vs. Manager-Managed

By Matthew Dochnal May 18, 2023

When it comes to setting up a business, there are different company types to choose from. One of the most popular is the Limited Liability Company (LLC). An LLC is like a blend of a partnership and a corporation. It offers the owners, known as members, protection from personal liability, similar to a corporation, while […]