SINCE 1974
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 […]
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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 […]
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What Is a Registered Agent in Delaware? A Delaware Registered Agent is designated to receive legal notices on behalf of a Delaware LLC or corporation. A Delaware Registered Agent can be either a person or a company that has a physical address in Delaware. A Delaware Registered Agent’s primary role is to receive legal […]
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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 […]
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What is a Corporation Stockholder Agreement? A Stockholder Agreement is an important company document that describes the rules that each of a corporation’s stockholders need to follow. As owners of a corporation, stockholders have certain rights. However, stockholders should not be able to just transfer or sell their ownership in the company whenever they want […]
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What Is A Delaware C-Corporation, Exactly? The “C” in C-Corp refers to a corporation’s federal tax designation. The IRS designates Delaware Corporations as C-Corps by default. However, a corporation can elect to be taxed as an S-Corporation by filing IRS Form 2553. Many entrepreneurs get confused when trying to incorporate a C-Corp on their […]
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