Q&A

What is Stock and What Does it Mean to Own Stock?

Stock represents an equity ownership in an entity, and normally, with certain exceptions, is given in exchange for a paid-in capital contribution to a business.  Ownership of stock does not entitle the holder to specific property or assets of the company, but, rather, provides the holder with a share of the entity’s profits and gains, [...]

Posted by Brett Melson on Monday, December 17th, 2012
Posted in Q&A, Stock
Tags: Question and Answer, Stock

Are Trade Shows Worth the Expense?

Tips on Forecasting a Trade Show’s Value to Your Company: If your business is involved in an industry in which trade shows are an important means of connecting with customers, then you have probably taken part in these events in the past and/or are considering doing so in the future.  Whether you are a trade [...]

Posted by Gregg Schoenberg on Tuesday, March 13th, 2012
Posted in Q&A, Sales
Tags: Question and Answer, Sales

Banking Clarification

We often have clients call in with questions on banking.  Once you form your company, you’ll need a bank account to do business. Here we will address some of the most common banking questions. What do I need to open a bank account? Typically, when opening a bank account in the US, the bank will [...]

Posted by Devin Scott on Tuesday, March 6th, 2012
Posted in Q&A
Tags: Opening a Bank Account, Question and Answer

Q & A: Certificate of Incorporation

What is required to file a Delaware corporation and what information is listed on the initial Certificate of Incorporation? This posting will spell out these requirements, and will show that very limited information is made public as a result of filing the Certificate of Incorporation. This Blog refers specifically to the Delaware CORPORATION. This information is [...]

Posted by Brett Melson on Monday, January 16th, 2012
Posted in Delaware, INC Knowledge, Q&A
Tags: Delaware, INC Knowledge, Incorporating, Question and Answer

Where Is My Business Located?

One of the most frequent questions we are asked is “Where is my business located?” or “What is my address?”  This is actually a question that our clients are better able to answer than we are.  Most federal and state offices refer to the physical location/street address as the address where a person or organization [...]

Posted by Heather Garza on Monday, December 26th, 2011
Posted in Q&A
Tags: Mail Forwarding, Question and Answer

Thinking about closing your INC or LLC this year?

Question: “I want to be incorporated through the end of the year. When is it too late to close?” Answer: Cancel or Dissolve with the state of Delaware before December 31! Once you’ve determined that filing a formal Cancellation of your LLC or Dissolution of your Corporation is essential to winding up your business, let [...]

Posted by Cortney Sharp on Friday, December 2nd, 2011
Posted in Delaware, Limited Liability Company, Q&A
Tags: Delaware, Delaware Division of Corporations, Limited Liability Company, Question and Answer

Common Delaware Annual Report Questions

If you have an incorporated company, then you probably are filing some type of annual report with your state government on yearly basis.  Just about every state requires companies to file a report and/or pay a fee annually or bi-annually, which is commonly called a “Franchise Tax”. Every company that is incorporated here in the [...]

Posted by Amy Fountain on Wednesday, October 12th, 2011
Posted in Franchise Tax, Q&A
Tags: Franchise Tax

Q & A: How Can HBS Help You Become an Authorized Apple Developer?

One of the most popular questions we are hearing now is: I am applying to become an Apple Developer and they are asking for specific documents, can Harvard help me? This got me to thinking to look more into how we can help our clients. So, I went the extra step to physically contact the [...]

Posted by Michael Bell on Wednesday, September 28th, 2011
Posted in Q&A
Tags: Q & A

Q&A on The Corporate / Company Seal

When talking to clients we often get asked: Is the company or corporate “seal” required? and What is it’s main function? The corporate seal is a tool used to stamp or emboss your important documents to show that the document is certified by and agreed upon by the Board of Directors of the company.  The seal [...]

Posted by Devin Scott on Monday, May 23rd, 2011
Posted in General Corporation, Limited Liability Company, Q&A
Tags: General Corporation, Limited Liability Company, Q&A, The Company Seal, The Corporate Seal

FAQ: Certificate of Good Standing

Every day, we hear from clients who need a “Certificate of Good Standing” wondering where they can obtain one. This certified document, which is produced by the Delaware Secretary of State’s Office, is required for real estate closings, IRS matters, and accounting and legal matters. Sometimes it’s called a “Certificate of Status” in some states. [...]

Posted by Michael Bell on Tuesday, April 19th, 2011
Posted in Delaware, Q&A
Tags: Certificate of Good Standing, Delaware

Q & A: What is Foreign About Foreign Qualification?

Harvard Business Services, Inc. began offering compliance services in other states about two years ago.  We have found that there is not a great deal of recognition or understanding with regard to Foreign Qualification for Inc.’s and LLC’s in those states outside of Delaware.  In fact, most clients express complete shock at the term “foreign” [...]

Posted by David Zeigler on Monday, March 28th, 2011
Posted in Q&A
Tags: Foreign Qualification

Frequently Asked Questions for Completing the Delaware Annual Franchise Tax Report

Now is the time to pay and file the Delaware annual franchise tax report for corporations, and many clients have questions on how to complete the actual annual report worksheet.  Here are some commonly received inquiries and corresponding responses. What is the easiest way to pay my annual franchise tax fees through Harvard Business Services? [...]

Posted by Amy Fountain on Tuesday, January 4th, 2011
Posted in Franchise Tax, Q&A
Tags: Franchise Tax



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