Why Wilmington, Delaware Is The Best Place To Start Your New Business

YoungUpstarts

Whether you’re introducing the world to your new fashioned take on traditional cuisine or you’re building a skyscraping interactive museum, you should seriously consider starting up in Wilmington, Delaware. Wilmington, Delaware is conveniently located between two other major cities (Philadelphia and New York). Historically, many renowned corporations have roots planted firmly along the Delaware River. Thinking Aloud business Cynthia Griffith Delaware startup Wilmington

Crossing the Innovation Delaware

Gregg Fraley

There’s a lot to learn about inspiring hope from American history, but before we look at that George Washington “crossing the Delaware” example, let’s examine what mindset means, and let’s see what is systematically left out (hint: it’s hope). He took his army, crossed the Delaware River in dangerously icy conditions, and marched the army 9 miles to Trenton, NJ. So innovation leaders, how do you cross the Delaware?

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

You Don’t Need Delaware to Start Your Company

Startup Professionals Musings

It used to be true that “everyone” incorporated in Delaware due to its more favorable terms, but many of these terms simply don’t apply to startups, or the differences don’t exist anymore. Tags: startup incorporation Arizona Delaware business

Delaware Franchise Taxes

The Startup Lawyer

If you haven’t already received your Delaware franchise tax statement in the mail, then it’s probably on the way. You have to give credit to Delaware — they make paying your corporation’s franchise taxes “thrilling.” But it’s a good thing for your startup that Delaware offers an alternative way to compute your franchise tax bill: the “Assumed Par Value Capital Method.”

Sorry, Not Sorry: Still Delaware C Corporations for Early-Stage Tech Companies

The Startup Lawyer

Then it’s extremely likely your startup should be a Delaware C-Corp. The post Sorry, Not Sorry: Still Delaware C Corporations for Early-Stage Tech Companies appeared first on Startup Lawyer. Are you planning on getting venture funding or do you want to sell your tech startup for a big chunk of change one day? A disturbing trend has emerged in the last couple of years with “startup lawyers” recommending.

Entrepreneurship Education | The University of Delaware

Campus Entrepreneurship

Interesting insight into some of the undergraduate entrepreneurship offerings at the University of Delaware : As the semester was winding down over the last few weeks, students in Matthew Terrell’s Introduction to Entrepreneurship class ended their fall course on a high note with a special visit from Dansko co-founder Mandy Cabot, who created a $125 million company that began out of the trunk of her car.

Founders Beware: Fiduciary Obligations of Officers

Scott Edward Walker

The extent of these obligations varies from state to state; however, since most companies are incorporated in Delaware, we will focus on Delaware law. Under Delaware law, the duty of care requires a director to exercise the care that a reasonably prudent person in a like position would exercise under similar circumstances. There is no definition of “officer” in the Delaware General Corporation Law. Introduction.

Walker Twitter Highlights: June 19th – July 1st

Scott Edward Walker

” [link] How Delaware Thrives as a Corporate Tax Haven – solid NYTimes article [link] Hiring first employees: “Don’t reach out to ANYONE until you learn how to tell your story really well.” Twitter Highlights Bessemer bootstrapping Chobani David Cowan Delaware entrepreneur Hamdi Ulukaya startup venture capitalists

RSS 46

Rabbi’s Farm School Seeks to Be University with $30 Mil Gift

Campus Entrepreneurship

Delaware Valley College, in suburban Philadelphia, just took in a $30 million gift from a local foundation in order to transform itself from a small college into a university. In a higher education marketplace full of moaning and groaning, Delaware Valley College has entered growth mode. Tags: American Exceptionalism Campus Eco-System Education Policy General Thoughts Delaware Valley College higher education Philanthropy

Two Major Supreme Court Decisions on Patents

Feld Thoughts

” I expect in the near term Delaware courts will be clogged with patent troll cases since so many tech companies and startups are incorporated in Delaware. Hopefully, the Delaware courts will take a much less “troll-friendly” approach to things. In moments of political despair, Amy reminds me that we have three branches of government.

Selling your company for less than expected?

Berkonomics

Email readers, continue here…] A recent decision by the Delaware Court in favor of the common shareholders in marginal sales sheds light upon this dilemma for boards – at least for boards of Delaware corporations, no matter where they reside. The Trados Decision (Delaware Court of Chancery) protects the common and early stage investors even if the late stage investors can claim all from a sale with their liquidation preferences. How about outside investors?

Does Your Small Business Need Workers’ Compensation Insurance?

YoungUpstarts

by Veronica Baxter. Perhaps. Statutory workers’ compensation laws are particular to each state, but in general, businesses having employees that are not large enough to self-insure must carry workers’ comp insurance. The number and type of employees triggering the workers’ compensation insurance requirement varies, and each state has different exceptions to that requirement. The Number of Employees You Have Matters.

Startups: What Kind of Entity Should You Form?

SiliconHills

By SUSAN LAHEY Reporter with Silicon Hills News For most startups there are two ways to go in deciding what kind of business entity you should form: A limited liability company, or a Delaware Corporation, according to David Valenti, a partner with Reed & Scardino.

Top Five US Cities With Pleasant Environments To Live And Work In

YoungUpstarts

Wilmington, Delaware. Living in Wilmington, Delaware places residents conveniently in between Philadelphia and New York, making commutes to either of these major cities easy. In fact, Wilmington, Delaware might just be the most convenient city on the list in terms of location.

If I Launched a Startup

The Startup Lawyer

2) State of Incorporation: Delaware. (3) Here’s what I’d do in the beginning: Incorporation. (1) 1) Entity Choice: Corporation or Corporation. (2) 3) Authorized Shares in Charter: 10,000,000 Shares. (4) 4) Type of Shares: Common Stock. (5) 5) Par Value of Common: $0.0001. (6) 6) Initial Founders Issuance: 8,000,000 Shares. (7) 7) Founders Equity Split: Depends on the Team, But Quickly and After the Awkward & Difficult Conversations. (8) 8) Vest Founders Shares?:

If I Launched a Startup

The Startup Lawyer

2) State of Incorporation: Delaware. (3) Here’s what I’d do in the beginning: Incorporation. (1) 1) Entity Choice: Corporation or Corporation. (2) 3) Authorized Shares in Charter: 10,000,000 Shares. (4) 4) Type of Shares: Common Stock. (5) 5) Par Value of Common: $0.0001. (6) 6) Initial Founders Issuance: 8,000,000 Shares. (7) 7) Founders Equity Split: Depends on the Team, But Quickly and After the Awkward & Difficult Conversations. (8) 8) Vest Founders Shares?:

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

you want to form a Delaware corporation. My law firm recently entered into a new partnership with This Week in Startups and sponsored their live fireside chat last month in San Francisco with authors Nick Bilton and Brad Stone. Prior to the event, I conducted a legal workshop entitled “The 5 Biggest Legal Mistakes That Startups Make,” which I have uploaded below.

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

My law firm recently entered into a new partnership with This Week in Startups and sponsored their live fireside chat last month in San Francisco with authors Nick Bilton and Brad Stone. Prior to the event, I conducted a legal workshop entitled “The 5 Biggest Legal Mistakes That Startups Make,” which I have uploaded below.

What Does It Take To Start Your Own Business? The Nine-Step Process

YoungUpstarts

However, you need to learn everything you can about finding the perfect name for your startup; plus, make use of online resources like the Secretary of State Delaware business entity search to ensure you are not infringing on an already existing business name. If, like millions of Americans, your dream is to start a business, then you will require a few skills. Starting a business requires technical expertise, motivation, and determination.

How Can A Non-resident Of California Set Up An LLC?

The Startup Magazine

Wondered how a Nevada LLC obtained a small minority membership interest in a Delaware LLC that owns and operates numerous shopping malls in California? You might think, as a non-resident of California, that it would be harder for you to set up an LLC.

LLC 92

How to Minimize the Red Tape and Taxes of a Startup

Startup Professionals Musings

If you are certain that you are building a large national corporation with more than 100 investors, and multiple classes of stock, then you might as well start with a Delaware or Nevada C-Corp. A few states, like Delaware and Nevada, offer tax advantages to large companies. One of the first questions that I get from many entrepreneurs is “How should I set up my company to minimize my setup costs, tax liabilities, and risk of lawsuits?”

Nevada 177

Are You Ready To Start A Business?

YoungUpstarts

For example, running a Delaware business search will identify business entities and help you form a regulatory-advantaged Delaware-based corporation. by Mike Carroll. There are people with ideas, and there are people with good ideas. There are those who want to work on their own, and there are the few who know how to do it. Most new businesses fail for insufficient passion and planning. But, thinking ahead, you can lay a strong foundation. Making your startup succeed.

Craft Breweries Buck Discount Trend With Seasonal Releases

YoungUpstarts

Shmaltz Brewing Company’s holiday gift pack featuring eight seasonal beers. Black Friday. Cyber Monday. Christmas and festive shopping – it’s the season for discounts! But even as retailers and brands cut prices to attract consumers, one industry (to be exact, a segment of that industry) is mostly standing apart. In fact, it’s even introducing products that can be more expensive that usual.

Walker Twitter Highlights: July 15th – 28th

Scott Edward Walker

Delaware Court Allows Challenge to Venture Capital Preferred Financings – interesting post via @HarvardCorpGov hvrd.me/191gONA. I’m using Twitter as a form of micro-blogging to share interesting articles, posts and podcasts relating to entrepreneurship and startups, M&A and legal issues. Below are my five most popular tweets for the past two weeks. Cheers, Scott. . Top 5 Tweets. love this RT @nabeel : On competitors. Startup CEOs read this today. 122ip3h @tonystubblebine.

How To Get Step-By-Step Assistance For Your Startup

Startup Professionals Musings

We incorporate the venture as a Delaware C corporation, serve as its Registered Agent, file for its tax number with the IRS, register with its home state, set up its bank account, credit card, accounting software, cap table.everything! It seems like every day I hear from an aspiring entrepreneur who doesn’t know where to start, or doesn’t have the time or expertise for all the mechanics of starting a business based on their great idea.

What No One Ever Tells You About Business Failures

Up and Running

a Delaware corporation that sprung up when the sole proprietorship died, and that Delaware corporation became Palo Alto Software, Inc., The mythology of failure rates is greatly exaggerated, I think. Not that you’re not going to do it anyhow, just like I did, but, for the record, you know they say seven out of ten startups fail within three years, and that comes from research that was done.

Essential Business Facts You Need To Know When Expanding Into America

YoungUpstarts

These states include Nevada, Delaware and Wyoming, though there are many other US locations that are worthy of consideration too. According to the UNCTAD’s World Investment Trends Monitor , the USA is the world’s largest recipient of foreign direct investment. However, while there are many good reasons for foreign entities to be drawn to the US, there are a handful of essential business facts you should be aware of first.

8 Reasons To Incorporate Your New Company Early

Startup Professionals Musings

An LLC will work just fine for this, but if you know enough to anticipate more than 100 investors or special classes of stock, I recommend incorporating as a Delaware or Nevada C-Corp or S-Corp. Many entrepreneurs are so focused on finalizing their innovative product or service that they procrastinate on the formalities of forming the requisite new company until later.

LLC 173

Firsts, Still

OnlyOnce

The second was that I came face to face with a judge in the state of Delaware for the first time around some litigation we’re in the middle of now. While I can’t comment on this for obvious reasons, you never think when you decide to incorporate in Delaware that a trip to a courthouse in Wilmington is in your future. Firsts, Still. After more than 13 years in the job, I run into “firsts” less and less often these days.

Face Recognition and COVID-19

Austin Startup

An Amazon delivery driver in Delaware was filmed by a Ring doorbell as he reacted to snacks that were left for him and the video went viral. The kindness of the homeowner and the driver’s delight was a fun diversion and a reminder of how thoughtful people can be.

Overview of Balance Sheet and Statement of Cash Flows

Feld Thoughts

Since SayAhh is a C corporation that is incorporated in Delaware, they decided to have a very low non-zero par value for their shares, set at $0.00001, to prevent higher franchise stock taxes. When we were last with our SayAhh cofounders, they had implemented an accounting system and Jane had contributed $50,000 for a 55/45% equity split.

Basic Accounting And Legal Aspects That Every Business Owner Should Know

YoungUpstarts

Secondly, if we are for example, launching our business venture in the United States, then we should think about where we should be incorporated, and there the best option is Delaware. If they are used to investing in corporations in Delaware because they know them and have experience with them, then the best thing is to join in this form of working. by Cristian Rennella, founder of Mejor Trato.

Incorporate before pitching to VC’s?

Gust

That is, if all you have is a good idea, the reality is that you are highly unlikely to be able to get funding from anyone at all, even if you are a Delaware C corporation with gilt edge stock certificates. While you will definitely need to be a corporate entity before you can accept funding from any investor (or issue stock options to any employees), the specific corporate status of the venture at this stage is much less important to investors than its functional status.

[Review] Brewing Up A Business

YoungUpstarts

In the book, Calagione chronicles his struggles and challenges in setting up the first ever microbrewery in the state of Delaware, shares his intense passion for making the most interesting beers in the world, and at the same time gives his businessman’s perspectives on starting, running and growing a business.

How to Form a Corporation

Up and Running

Delaware is a very popular state to incorporate in, and boasts the highest number of incorporated entities in America. Because of its popularity, Delaware is also statistically a popular state for investors to finance businesses. You’ll need to pay “foreign qualification” fees when you register, name a “registered agent,” pay “franchise taxes,” and make required annual reports to Delaware. .

How To Start A Startup – For Busy People

YoungUpstarts

If you want to avoid a $500k bill (like that paid by one Connecticut startup) to later move your company to Delaware, incorporate in Delaware from day one. by Andrea Martins, co-founder of GreenSocks. Have you ever fallen in love so passionately with someone or something that you find yourself addicted to their every tweet, video or Facebook update? I have, thanks to Sam Altman, the President of Y Combinator. Not that I fell in love with Sam himself.

Start Up and Stay Up – How Small Businesses Survive & Thrive

The Startup Magazine

Since then it has grown to serve the tri-state New Jersey, Pennsylvania, and Delaware areas, but I still consider it a small business and my employees, more like a family. I started my Philadelphia area home appraising business in 2006. I want to share with you the three tips I followed to not only survive, but thrive as the owner of a small business. Photo by Marius Venter from Pexels. Turn Your Reputation for High-Quality Work Into New Clients.

Don’t be greedy even if you have the power.

Berkonomics

Email readers, continue here.] A recent decision by the Delaware Court in favor of the common shareholders in marginal sales sheds light upon this dilemma for boards – at least for boards of Delaware corporations, no matter where they reside. The Trados Decision (Delaware Court of Chancery) protects the common and early stage investors even if the late stage investors can claim all from a sale with their liquidation preferences.

8 Tips On Intercultural Communication And International Etiquette To Create Successful Business Relationships In Asia

YoungUpstarts

A study conducted by researchers at the University of Delaware considered the number of hours employees spend on work-related tasks as compared to social activities, such as chatting casually, celebrating coworkers’ birthdays, or checking out a team member’s vacation photos. By Sharon Schweitzer, J.D.,

Asia 209

Play4Skill Raises $400K for Dominoes Gambling

VC Cafe

Players located in any of the 12 states in the United States of America: Arizona, Arkansas, Delaware, Florida, Illinois, lowa, Louisiana, Maryland, Montana, Ohio, Tennessee and Vermont, are neither eligible to open an account with Dominoes Stars.

What Are the Rights of Minority Stockholders?

Scott Edward Walker

Because these rights are governed by State law, I will focus on the State of Delaware — where most companies are incorporated. The Delaware statute defines “proper purpose” to mean “a purpose reasonably related to such person’s interest as a stockholder.” Delaware courts have construed this language broadly to provide stockholders with a reasonable means to protect themselves (and their investment) – though the “proper purpose” must be sufficiently specific.

More Tech Startups are LLCs

Austin Startup

Background Reading: When LLCs Make Sense for Startups Not Building a Unicorn If you have spent almost any time reading about the basics of startup legal issues, you know that Delaware C-corps are the default organizational structure for a “classic” tech startup (software, hardware) planning to raise angel/VC money and scale. In that world, everyone is a Delaware C-Corp.

How Managed Hosting Helps Get Startups Off The Ground

YoungUpstarts

Alan holds a bachelor’s degree in Computer Science and an MBA in Marketing from the University of Delaware. By Alan Glazer, Senior Product Manager at Hostway Services, Inc. Startups in every industry have their work cut out for them. In recent years, this community has had greater access to cost-effective technological solutions. Still, the vast majority of startups fail. Working against the odds. According to Forbes contributor Neil Patel, nine out of every 10 startups fail.