Everyone has a great idea. Maybe you are a first time inventor who came up with an idea for a new and useful product, process or methodology. Maybe you are a seasoned business person, and you created a brand name. You have developed a successful market for your brand, and now you want to protect […]
Why is my Delaware franchise tax bill so high and how is it calculated?
As a technology startup incorporated in Delaware, you will receive a tax bill from the State of Delaware. It isn’t necessarily tied to income, but it is a tax you need to pay because the company’s place of origin is in the State of Delaware. All active corporations incorporated in Delaware must pay the annual […]
What is the Board Consent in Lieu of First Meeting?
The Board Consent in Lieu of First Meeting is the first document that gets the business of the startup going. Here are a few of the most common resolutions adopted by the newly appointed board: Appoints the officers NOTE: Delaware requires at least a President and Secretary. This can all be the same person or […]