Posted by rick
If you’re just starting your business now, in 2009, where do you raise money?
Banks aren’t lending, venture capital firms are now effectively hedge funds, and American angels are about to be slammed by the crashing market and expected tax increases on capital gains, the source of angel investment power. Money has never been easy to raise when you’re selling a dream… presented confidently as a vision — for [...]
Posted by Rick Bell on Monday, March 9th, 2009Posted in Capital, Founder's Forum, Q&A
Tags: Capital, Investor
History Lesson: The General Corporation
Every single one of the fortune 500 companies is a General Corporation. Most of them are Delaware General Corporations, of course but there are NO LLCs, not even one on the fortune 500, or the New York Stock Exchange or the NASDAQ. Stock exchanges are for Stock companies! And that’s why the General Corporation is [...]
Posted by Rick Bell on Friday, March 6th, 2009Posted in General Corporation
Tags: Delaware, DuPont, General Corporation, Stock
The Start of the LLC
When the State of Wyoming first passed legislation to allow a new type of Hybrid Company in 1977, which provided pass-through tax treatment and limited the owners’ personal liability for the company, almost nobody cared. For ten years almost nothing happened. It took 14 years before Delaware revolutionized the legal world by drafting the sleekest [...]
Posted by Rick Bell on Thursday, March 5th, 2009Posted in INC Knowledge, Limited Liability Company
Tags: Delaware, Limited Liability Company
Small Wonder: Delaware
The smallest State in the Union by population, Delaware actually has more companies than people. Lawyers know it as “The Home of the Corporation” due to its dominance in corporate law for more than 100 years. In this highly specialized field, excellence doesn’t come easily or quickly and dominance comes only after decades of excellence. [...]
Posted by Rick Bell on Thursday, March 5th, 2009Posted in Delaware, INC Knowledge
Tags: Delaware, U.S. Chamber of Commerce
Einstein Failed at Business
Einstein, as brilliant as he was, wouldn’t have been able to start a business or even manage a business successfully. He proved that to his disappointed father, an entrepreneur who built two successful businesses and wanted his son to follow in his footsteps. Einstein tried, and was miserable at it. He ended up packing his [...]
Posted by Rick Bell on Wednesday, March 4th, 2009Posted in Founder's Forum
Tags: Entrepreneurs, Risk, Vision
Trend Forecasting
The world is full of people who make a living identifying trends early on. Can you believe that? People get paid to pontificate about the future! Doesn’t everybody know what’s about to happen before it actually does? I know you do, in a specific arena, and so do I, in a specific arena. But then [...]
Posted by Rick Bell on Tuesday, March 3rd, 2009Posted in Trend Report
Tags: Economic, Trend Report
Background on S-Corporations
Double taxation is a horrible practice, which many governments around the world embrace thoroughly. It’s the nasty habit of a government to tax your company’s profits, and then when you distribute the after-tax profits to the shareholder’s they TOO have to pay tax on money the company already paid the tax on. In the USA, [...]
Posted by Rick Bell on Monday, March 2nd, 2009Posted in S-Corporation
Tags: S-Corporation, Taxes
Explanation of Franchise Tax
Forget the whole concept of a business franchise like McDonald’s that you should have invested in 20 years ago. That’s NOT what Franchise Tax is all about. The word “Franchise” in this context means the permission from the State of Delaware – as a legal jurisdiction — to own and operate the company you formed [...]
Posted by Rick Bell on Monday, March 2nd, 2009Posted in Franchise Tax
Tags: Corporate Law, Delaware, Franchise Tax
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 [...]
Posted by Rick Bell on Friday, February 27th, 2009Posted in Close Corporation
Tags: Close Corporation, Delaware
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, 2009Posted in HBS Announcements
Tags: Delaware, Delaware Division of Corporations, Secretary of State
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