General Partnerships vs. Limited Partnerships

General Partnerships vs. Limited Partnerships Tony decides he needs help opening his online shoe store.   He calls his old friend Steve, a marketing guru, who agrees to provide him with marketing services in return for a cut of the profits.  He also reaches out to his accountant friend Thor, who agrees to handle the company’s […]

When The Corporate Veil is Not Enough

When The Corporate Veil is Not Enough Business owners are naturally concerned with protecting their personal assets from liability for their company’s debts and other obligations.  If managed properly, business entities such as corporations and LLCs will do just that, thanks to the “Corporate Veil,” which is a legal concept that separates the personality of a corporation from the […]

What Startups Need to Know About Trademarks

What Startups Need to Know About Trademarks There are countless demands on new startups, but one that is all-too often overlooked is trademark protection.   There are doubtless many reasons why this is the case, but if more startup owners looked a little deeper into what a trademark is and does, that will likely change. Trademarks […]

Why Your Startup Needs a Capitalization Table

What is a Capitalization Table? When you’re running a startup, one of the last things on your mind is attending to certain corporate formalities.  If you’re going to be seeking outside investment, you probably have a business plan and your corporate Articles and Bylaws ready to present to a potential investor. However, one of the […]

How to Calculate Your Delaware Franchise Tax

How to Calculate Your Delaware Franchise Tax If you have a Delaware corporation, your annual report and franchise tax payment is due by March 1st.  Delaware requires these reports to be filed electronically.   The minimum franchise tax is $175 (increased from $75 on July 1, 2014) and the maximum franchise tax is $180,000. If you’ve […]