Q&A

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

My Company Is Not In Good Standing…Now What?

There are many daily, monthly and yearly tasks and responsibilities that go into running a successful company.  Everyone gets busy and can lose track of time or forget to take care of every little business detail.  Perhaps you have not kept up with the annual Delaware filings for your company for several years.  Now you [...]

Posted by Amy Fountain on Monday, June 21st, 2010
Posted in Q&A
Tags: Delaware, Good Standing

Can Non U.S. Clients Form Delaware LLCs? YES!

The Delaware Corporate law structure does not impose restrictions on foreign ownership or management, and it does not require a Delaware LLC to have any presence in Delaware except for a registered office and registered agent such as Harvard Business Services, Inc. The only document required to be filed in Delaware to create the LLC, [...]

Posted by Brett Melson on Tuesday, February 16th, 2010
Posted in INC Knowledge, Limited Liability Company, Q&A
Tags: INC Knowledge, Limited Liability Company

What is an Individual Taxpayer Identification Number?

Question: What Is an ITIN? Answer: The ITIN number or “Individual Taxpayer Identification Number” is similar to that of the Social Security number. The ITIN is for individuals that cannot acquire the SSN but have tax filing requirements with the IRS. The ITIN is 9 digits in length just like a SSN, but it will [...]

Posted by Brett Melson on Tuesday, January 19th, 2010
Posted in INC Knowledge, Q&A
Tags: Entrepreneur, INC Knowledge, Taxes

Opening a Bank Account for Your New Delaware Company

In the 28+ years that we have helped entrepreneurs form their companies one of the most frequently asked questions is “How do I open a bank account for my new company?” We will address this process in this informational blog post. First of all, if you are forming a Delaware company but intend to operate [...]

Posted by David Zeigler on Wednesday, May 20th, 2009
Posted in 101, INC Knowledge, Q&A
Tags: Opening a Bank Account

Innovation In Tough Times

I recently saw the results of a survey conducted by InnovationLabs called, “Innovation in Tough Times”. One key question they asked that got me thinking: What specific tip would you give your fellow innovators to improve their innovation efforts during tough economic times? Some answers to this question from the survey: • Hang in there [...]

Posted by Carleigh Lowe on Friday, May 15th, 2009
Posted in Q&A
Tags: Innovation, Survey

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 [...]

Posted by Paul Sponaugle on Friday, April 3rd, 2009
Posted in Close Corporation, Delaware, INC Knowledge, Limited Liability Company, Q&A, S-Corporation
Tags: C-Corporation, Delaware, Limited Liability Company, S-Corporation

The Weekly Media Trainer: Part 2

What Is News? Last week I explained how executives could make the media work for them and why they should consider media encounters, specifically interviews, as opportunities, rather than challenges. Also, I listed and described my Five Commandments of Interviews, the most fundamental rules for media mastery. A key element in that mastery is understanding [...]

Posted by George Merlis on Thursday, March 26th, 2009
Posted in 101, Q&A
Tags: George Merlis, Media, Media Training, News

YouTube is an LLC and Google is a General Corporation. Do You Know Why?

Both, of course chose Delaware as their corporate home, even though they are headquartered elsewhere. But why did they choose different entity types? The difference between an LLC and a corporation is clearly defined by this one example that the new generation of entrepreneurs will fully take advantage of. This is not a question of [...]

Posted by Rick Bell on Wednesday, March 18th, 2009
Posted in Delaware, Founder's Forum, General Corporation, INC Knowledge, Limited Liability Company, Q&A
Tags: Delaware, Entrepreneur, Google, Limited Liability Company, Shares, Stock, YouTube

Did you know that every corporate entity formed in the State of Delaware is required to maintain a Registered Agent at all times?

The Delaware Registered Agent has two main functions, to receive and forward service of process and to forward any communication from the Delaware Division of Corporations. Many clients pay their agent over $259.00 per year for their agent service. Harvard Business Services, Inc. has been offering Delaware Registered Agent services since 1981 for $50.00 per [...]

Posted by Brett Melson on Monday, March 9th, 2009
Posted in Change of Agent, Q&A
Tags: Change of Registered Agent, Delaware



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