Posted by Paul

Authorizing Shares for Your Delaware Corporation

Back in February, our chairman wrote one of his first blog articles on shares of stock entitled, Demystifying Stock. In it he defines “Stock” and some of the terms commonly associated with stock, like Authorized Shares. Reading his article should give you a better understanding of the definition of stock, but it may still leave [...]

Posted by Paul Sponaugle on Friday, July 31st, 2009
Posted in INC Knowledge, Stock
Tags: Delaware, Stock

Non-Stock, Non-Profit, No Stock……what difference does it make?

Over time, the Non-Stock Corporation has pretty much become synonymous with the term Non-Profit. The common use of the Non-Stock Corporation as the vehicle to obtain tax-exempt or Non-Profit status from the IRS has led to an “interchange-ability” of the two terms, but not without its faults. The notion that the two are equal has [...]

Posted by Paul Sponaugle on Tuesday, June 30th, 2009
Posted in 101, Stock
Tags: Delaware, Non-Profit, Non-Stock, Stock

Delaware Court of Chancery Creating a Buzz

The News Journal has a great article about the open seat on the Court of Chancery. Read an excerpt below. When it comes to gossip in the corporate legal community, the Delaware Court of Chancery has made for interesting water-cooler conversation lately. Lawyers and legal professors across the country are buzzing about who will fill [...]

Posted by Paul Sponaugle on Tuesday, June 23rd, 2009
Posted in Articles of Interest, Delaware
Tags: Articles of Interest, Court of Chancery, Delaware

Three Easy Steps for Naming Your Company in Delaware

One thing everybody seems to have figured out by the time they call us is the name of their company. They may not know what type of entity they’ll form or where they’ll get the money to do it, but one thing they always know is the name of the company. Now, you may think [...]

Posted by Paul Sponaugle on Friday, May 1st, 2009
Posted in INC Knowledge
Tags: Company Name, Incorporating

Making Changes: C-Corp to LLC and LLC to S-Corp

The two questions below are from clients and they illustrate the power of the LLC. One client wants to change his C-corp to an LLC. He must file a conversion with the State of Delaware and then notify the IRS. The other wants to change his LLC to be taxed like an S-corp. He doesn’t [...]