Archive for February, 2009

History Lesson: The Close Corporation

When corporations were first introduced in Delaware in 1875, you had to have at least three people working together to form a corporation. The whole idea of a single person corporation was not even envisioned by the early lawmakers. But entrepreneurs demanded control so they would include their lawyer and perhaps a secretary to be [...]

DE Appoints A New Secretary of State

On January 29, 2009, Delaware Governor Jack Markell appointed Jeffrey W. Bullock as new Delaware Secretary of State. The Secretary of State oversees the Delaware Division of Corporations. See: http://corp.delaware.gov/corpsosbio.shtml

Posted by Rick Bell on Friday, February 27th, 2009
Posted in HBS Announcements
Tags: Delaware, Delaware Division of Corporations, Secretary of State

Demystifying Stock

Stock sounds like a substantial word, doesn’t it? It reminds one of livestock (cattle) or rolling stock (rail cars), or stock-in-trade (physical inventory), but it is none of these. Shares of Stock in a company are worth just about whatever you can get for them, and that can fluctuate, as we’ve all experienced watching the [...]

Posted by Rick Bell on Wednesday, February 25th, 2009
Posted in Stock
Tags: Shares, Stock

The Role of the Registered Agent

According to law, each Delaware company must maintain a Delaware Registered Agent. Registered Agents are not regulated by the State of Delaware. The legal requirements to be a Registered Agent in Delaware are to maintain a street address and office located in Delaware and be open during normal business hours for the purpose of accepting [...]

Posted by Rick Bell on Wednesday, February 25th, 2009
Posted in Registered Agent
Tags: Delaware, Registered Agent

Your Big Idea

Donny Deutsch from CNBC wrote a new book called, The Big Idea that discusses how to make your entrepreneurial dreams come true. Below is his formula for success: Acknowledge it Own it Make it Wear it Sell it Tell us YOUR BIG IDEA in the comments!

Posted by Carleigh Lowe on Tuesday, February 24th, 2009
Posted in Books of Interest
Tags: Entrepreneur, Startup

101 on Delaware

More businesses choose Delaware because of its favorable and business-friendly environment, which offers numerous benefits in convenience, tax liability and legal protection. Here are just a few: In Delaware, one person can hold the title of each of the officers of the business. Delaware has no requirement for a minimum balance in the company’s bank [...]

Posted by Rick Bell on Tuesday, February 24th, 2009
Posted in 101, Delaware
Tags: Court of Chancery, Delaware, Law, Tax

What is a Delaware registered agent?

Persons from outside Delaware who wish to form Delaware corporations must, as prescribed by Delaware law, have a registered agent within the state. The registered agent acts as the original incorporator, files the corporation and remains the registered agent for the life of the corporation. You can count on us, as YOUR registered agent to [...]

Posted by Rick Bell on Monday, February 23rd, 2009
Posted in Q&A, Registered Agent
Tags: Delaware, Franchise Tax, Registered Agent