Changing from a for-profit corporation to a public benefit corporation requires 90% stockholder approval (dissenters are given appraisal rights), and terminating public benefit status requires a 2/3 vote. Directors are given strong protection against stockholder claims. Any claims from stockholder interest must meet a high threshold to succeed, as the director is considered to have […]
A Certificate of Formation (a.k.a “Articles of Organization” in a number of other states) is processed by a skilled team of experts at the Delaware Division of Corporations. The Delaware Secretary of State’s Division of Corporations’ office processes about 10 times as many certificates per day as most other states. Although your Delaware LLC is […]
Lawsuits can take many forms and incorporating is by no means a “silver-bullet,” to stop them, but it does create a bit of insulation between your assets personally and the activities of your blog. It is still possible that you could be sued for your own conduct, but if the conduct is that of someone […]
You may be hesitant sitting on the runway strip and thinking, “why do I want to take off in this jet without a flight plan?” If your business plan is still in development that is common. Few businesses have a crystal ball to foresee every step in the marathon. Much of the value is in […]