Does Delaware Recognize S Corporations?

Does Delaware recognize S corporations? Some states require S corporations to elect this tax treatment at the state as well as the federal level, but Delaware automatically recognizes the federal status of an S corporation. Read more on www.upcounsel.com If you’re trying to start a business in the US, Delaware is probably one of the … Read more

LLC Agreement vs Operating Agreement: Key Differences

Is LLC Agreement same as operating agreement? The LLC operating agreement, also known as an LLC agreement, establishes the rules and structure for the LLC and can help address any issues that arise during business operations. Most states have default provisions that address many of these difficulties, but the operating agreement can override these presumptions. … Read more

Can You Be Your Own Registered Agent in Hawaii?

Can you be your own registered agent in Hawaii? If you own a business in Hawaii, you can act as your own registered agent. This means you would be the person designated to accept all official mail on behalf of your business, including service of process, and will serve as your business’ primary contact with … Read more

Foreign for Profit Corporation: Understanding the Basics

What does foreign for profit corporation mean? Foreign corporation is a term used in the United States to describe an existing corporation (or other type of corporate entity, such as a limited liability company or LLC) that conducts business in a state or jurisdiction other than where it was originally incorporated. Read more on en.wikipedia.org … Read more

The Difference between Amendments and Articles: Understanding Corporate Law

What is the difference between amendments and articles? The seven Articles outline the three branches of government, and specific powers and responsibilities of the government. Each Article contains different Sections and Clauses that help organize the document. The Amendments are additions and changes that have been made to the Constitution since its ratification. Read more … Read more

Can a Dissolved Company Still Operate?

Can a dissolved company still operate? Can a company that’s dissolved still operate? No ? dissolving a company means closing it down completely. Once a company has been removed from the Companies House register it becomes illegal for it to continue trading. Read more on www.nerdwallet.com When a business dissolves, it signifies that it is … Read more

Can a Delaware LLC Own Property in California?

Can a Delaware LLC own property in California? Yes, you can buy real estate with a Delaware LLC. There is no requirement to establish a California LLC, though you will be required to register your Delaware LLC with the State of California as a “”foreign corporation”” (foreign meaning any entity organized outside the state). Read … Read more

What Type of Corporation is a Church?

What type of corporation is a church? Churches and ministries are formed as non-profit corporations. Unlike for-profit corporations, non-profit corporations have no owners / shareholders and do not issues shares. They are not “”C Corporations”” or “”Subchapter S Corporations””, although the “”C Corporation”” designation is sometimes used to describe them. Read more on uschurchlaw.com Churches … Read more