What a Portal Can Do for You

Blumberg's Web Portal - Julius®
Blumberg’s Web Portal – Julius®

A web portal is a means of accessing multiple websites via the main website.  

It is, essentially, a “gateway” to other related (and sometimes unrelated) sites.  Web portals were created to enable a user to easily locate and access services, functions, and information that would otherwise be more cumbersome and time-consuming to find.  By branching into various sites through a portal system, a user can find information in a more organized fashion. It would also create a simpler way to engage in that websites various functions without leaving the home website. Continue reading “What a Portal Can Do for You”

What is an “annual report”?

Annual Report Filing Service

Every business entity filed on a state level with the Secretaries of State of each state is required to file an “annual report” in order to remain active and in good standing.  Failure to file such an annual report may result in penalties or revocation of the corporate or business charter. While the time of filing of a company’s annual report may vary with the state in which it is filed, it is a requirement to remain in business. Continue reading “What is an “annual report”?”

In Which State Should You Organize Your Business?

In Which State Should You Organize Your Business?

Companies which own or lease real estate, employ people, conduct business and/or generate income in a state are considered to be “doing business” in that state. A small business that is “doing business” in only one state should, in most cases, organize in that state. If, however, you are contemplating doing business in more than one state, the decision about where to organize your business gains importance. Continue reading “In Which State Should You Organize Your Business?”

What is a Delaware Statutory Trust?

A Delaware Statutory Trust (DST) is a legal entity in which each beneficiary  has a “beneficial interest” and for Federal income tax purposes is treated as owning an undivided fractional interest in the property held by the trust.  Delaware statutory trusts are formed as private governing agreements under which either (1) property (real, tangible and intangible) is held, managed, administered, invested and/or operated; or (2) business or professional activities for profit are carried on by one or more individuals who act as trustees for the benefit of a party who is entitled to a beneficial interest in the trust property.

Continue reading “What is a Delaware Statutory Trust?”

What is the Purpose of a Corporate or LLC Kit?

The Corporate Kit or LLC Kit is a customized organizational binder–and a convenient, tried-and-true way to gather and maintain your company’s management records.

When you form your  corporation or LLC (Limited Liability Company), it is critical to objectify the management of the business.  This includes an orderly organization of key documents —including minutes of the activities of the company, bylaws, operating agreements, shareholder agreements, share certificate and stubs and transfers.

Continue reading “What is the Purpose of a Corporate or LLC Kit?”