Corporations

Why Form a Public Benefit Corporation? A Public Benefit Corporation (PBC) allows a business to work toward profit while supporting a social or environmental mission. Unlike a general corporation, a PBC allows directors to consider the affects their decisions have on employees, customers, communities, and the environment, not just shareholders. By incorporating its public support […]

  What Does “Good Standing” Mean? Being in “good standing” means your company meets all its legal requirements in the state where it was set up. Generally, a company is in good standing if it has paid its state taxes and doesn’t owe any bills. Some states require corporations to also file an Annual Report […]

Why Incorporate an AI Startup? Incorporating an AI startup can provide significant advantages beyond simply creating a legal entity. Incorporation helps protect founders’ personal assets by separating business liabilities from personal finances, reducing individual risk as the company grows. It also enhances credibility and professionalism with customers, enterprise partners, investors, and potential employees, signaling that […]

What Is the Delaware Annual Report? The Delaware Annual Report is a legal requirement that Delaware corporations must complete each year. This report collects information about the company’s directors and senior officers from the past year. More specifically, the Delaware Annual Report requires the names and addresses of each director and one senior officer. Delaware […]

What Is a Corporate Secretary? A Corporate Secretary is one of three essential senior officer positions typically found within a corporation. Along with the President and Treasurer, the Corporate Secretary rounds out the core officer positions that a company appoints when initially incorporating. The Corporate Secretary works closely with c-suite executives and the Board of […]

What Does It Mean to Incorporate? A business is formed when the formation involves an “unincorporated” entity. In other words, you do not incorporate LLCs, LPs and partnerships, you form them. When someone talks about incorporating a company, any business lawyer will tell you this means starting a corporation, not forming an LLC. With the […]