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Blerbs by JCErb

Legal updates from Business Law Attorney J. Christopher Erb of MacElree Harvey, Ltd.

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Do you really need 10 million shares for your company? Probably not.

For the lazy among you, I’ll summarize this post in a single sentence: If you’re incorporating in Delaware, don’t authorize more than 5,000 shares of stock unless you absolutely, positively have to. If you absolutely, positively have to issue more, check with a lawyer to make sure you’re right about that. There’s a fashion inContinue reading “Do you really need 10 million shares for your company? Probably not.”

It’s that time of year again … franchise tax filings are due!

There are a lot of reasons to incorporate in Delaware, and one of them is favorable tax treatment. There is, however, one corporate “tax” to be aware of for owners of Delaware corporations, and that’s the annual franchise tax filing. For most corporations, it’s little more than a fee for Delaware companies with their operationsContinue reading “It’s that time of year again … franchise tax filings are due!”

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A blog on international business and internet law issues.

Chris Erb is a corporate transactional lawyer in the US, working with companies across the world on business, internet, information technology, and other tech law issues.

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