SINCE 1974 
Customer Questions Counterparties can rely upon the signature of a President to know that a Corporation will be bound to an agreement without being able to disavow the contract as not being authorized. This is because the President is cloaked with authority to act on behalf of a Corporation. Likewise, Vice Presidents have authority to bind the […]
Delaware Corporation What is a Corporation, Exactly? Corporations are legal business entities that are separate from the real people who own them, run them and work for them. When a business becomes a corporation, it becomes its own person. In the eyes of the law a corporation is a separate person, different from the real people who […]
Certificate of Good Standing 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 […]
Certificate of Incumbency What Is a Delaware Certificate of Incumbency? An officer of a corporation signs a Delaware Certificate of Incumbency to identify the current officers and directors of the corporation. This Certificate may also list the company’s current shareholders. The Delaware Certificate of Incumbency differs from corporate minutes, Unanimous Actions of the Directors, and bylaws. It is […]
Annual Meeting 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 […]
Delaware Corporation What is a Delaware Public Benefit Corporation, Exactly? Delaware Public Benefit Corporations (PBC) function like any other for-profit corporation, but with a key difference. Public Benefit Corporations bake specific public benefit purposes into their foundation documents as for-profit entities. Delaware PBCs can use company resources to pursue public benefit causes without strictly focusing on maximizing […]