At Harvard, we understand that in the United States, Hispanic-owned businesses are now growing four times faster than the national average. We are proud to be able to support this growth by assisting Hispanic entrepreneurs at a local, national, and worldwide level. Harvard Business Services is becoming a recognized name as a Spanish language service provider. We currently have a large client base of Spanish speaking business owners throughout the US, Latin America, and Spain.

Harvard Business Services is known for its stellar customer service, so of course our transition to include Spanish services started there. We have dedicated representatives who are standing by to assist with questions for Spanish speakers by phone. A Spanish option has been added to our phone line in order to provide fast accessibility to a Spanish speaking rep. We have found that our clients are extremely appreciative to have this option. Even though the majority of our clients speak enough English to get by, most are happy to have the option to speak in their native tongue.

The phone is not the only way to find our Spanish language services at Harvard. Our Hispanic clients can find help right online through our live chat on our home page. With one click of the mouse, clients can ask for assistance by chatting with a live representative. We want our clients to feel comfortable before, during, and after forming their business entities. Now, having Spanish services we are able to provide that comfort level to more people worldwide.

If the communication options via phone or live chat are not the best options for a Spanish speaker, there is always the option to communicate via email.  Our customer service reps are able to respond to any email inquiry, whether in English or Spanish, generally on a same day basis. All email inquiries can be sent to info@delawareinc.com and a representative will promptly respond in the corresponding language.

We are also pleased to offer our Insider’s Guide in Spanish. This guide is extremely helpful to refer to for some extra assisting in the formation process of a new business entity.  To view our guide in either Spanish or English visit HERE.

• Does your business idea sooth someone’s pain, discomfort, frustration, or dissatisfaction?
• Are there lots of those people out there?
• Do these people (or companies, or governments) have money to pay for it?
• Will they be able to decide quickly to buy your product or service?
• Does your idea exploit something about you that is outstanding or unique?
• Are there important assets you have that no one else has? (money, access to customers, technology, leadership skills, execution, location, salesmanship, etc.)
• Can you think of at least two people who might join you?
• Do their skills complement yours?
• Do they have the same values as you do?
• Do the majority of people whose opinion you highly respect think your idea is a good one?

Read the full article HERE.

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Since day one we have been amazed at the growth and interest in the blog. Here are a few stats we wanted to share with you:

We’ve had 33,439 visits from 140 countries; the top ten countries with the most visits are:

• United States
• Canada
• Switzerland
• United Kingdom
• India
• Poland
• Italy
• Australia
• Germany
• Israel

We have 54,700 Pageviews!

21,420 people visited The HBS Blog!

Our Most Popular Articles From March 2009-March 2010 are:

• Making Changes: C-Corp to LLC and LLC to S-Corp
• 101 on Series LLC
• 101 on an LLC Agreement
• 101 on Delaware Statutory Trusts
• Secret Agent Fees
• Opening a Bank Account for Your New Delaware Company
• YouTube is an LLC and Google is a General Corporation. Do You Know Why?
• 101: Preferred Stock
• Are You in Good Standing?
• Authorizing Shares for Your Delaware Corporation

Thank you for your continued support and interest! We are excited for another great year on The HBS Blog.

Under Delaware law, a limited liability company (LLC) may be composed of individual series of membership interests. This type of entity is referred to as a Series LLC. Each series effectively is treated as a separate entity, meaning the debts, liabilities, obligations and expenses of one series cannot be enforced against another series of the LLC or against the LLC as a whole. Each series can hold its own assets, have its own members, conduct its own operations and pursue different business objectives, but remain insulated from claims of members, creditors or litigants pursuing the assets of or asserting claims against another series.

In that post we discussed the primary drawback of using the Series LLC; the lack of certainty surrounding whether courts in other states and jurisdictions would recognize a legal separation of assets and liabilities within what is technically a single entity.  As we discussed, even though the legal segregation of the series is set forth expressly by statute in Delaware, no court has ever been called upon to rule on the validity of the legal segregation of assets within a Series LLC or articulated the circumstances under which a court would ignore the distinction among series.

Many of you have reached out to us and inquired whether the courts or legislature have provided any guidance or clarification on some of the issues surrounding the Series LLC.  Unfortunately, there have no significant developments that alleviate the concern we expressed in the May post.

California has arguably supported the notion that each series of a Series LLC is a separate entity; the California Franchise Tax Board ruled that each Series of the Delaware LLC is responsible for the $800 annual California franchise tax. Although this is not welcome news for our California clients that employ the Series LLC structure, it supports the concept that each series should be considered a distinct entity. Other states are expected to follow the same path as California and charge an annual fee on a per series basis.

Additionally, the U. S. federal tax treatment afforded to individual series is still not certain.  For now, it appears the series of a Series LLC will generally each be taxed as a separate entity for federal income tax purposes.

For now, despite the theoretical savings in franchise taxes, registered agent fees and other costs, the Series LLC form is still a work in progress.  Regulators, attorneys and accountants are all grappling with issues raised by the possibility of legal segregation of assets and liabilities within a single entity.  Given this, while the Series LLC shows great promise and segregated cell companies are gaining in popularity and acceptance outside the U.S., typically most of our clients tend to use the safer alternative of creating separate entities for each venture.