Castle Rock Startup Attorneys & Lawyers

Key Takeaways

• Corporations provide strong limited liability protection, perpetual existence, and easier access to capital, but also face double taxation, high costs, and heavy regulations.
• S Corporations avoid double taxation and combine liability protection with pass-through taxation, but have strict ownership limits and stock restrictions.
• C Corporations allow unlimited growth potential, investor appeal, and stock options for employees, but are subject to double taxation and complex compliance.
• Compared to corporations, LLCs offer flexible taxation and fewer formalities, while sole proprietorships and partnerships offer simpli

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Key Takeaways

• Most Delaware incorporations are processed within 1–3 business days, though expedited options allow same-day or one-hour approvals.
• The Delaware Division of Corporations offers four filing speeds — standard, 24-hour, same-day, and one-hour — each with different fees.
• Filing time depends on submission method (online vs. mail), entity type, and accuracy of the Certificate of Incorporation.
• Using an experienced registered agent or incorporation platform can reduce errors and speed up approval.
• International founders can incorporate remotely but should factor in EIN processing times and bank account setup delays.

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Key Takeaways

• Representations are statements of fact made before or during a contract's formation to induce another party to enter into the agreement. False representations can lead to misrepresentation claims and potentially rescind the contract.
• Warranties are promises made within a contract that certain facts or conditions are true. Breaching a warranty usually results in a breach of contract claim, but it doesn't necessarily terminate the contract unless it's a condition.
• Legal Implications: The breach of a representation can result in rescission or damages, while breaching a warranty typically leads to a claim for damages.
• Distinction Between Warranties and Representations: Understanding the differences is crucial for effective contract drafting and risk allocation. Misclassifying these terms can lead to significant legal consequences.

What are Representations and Warranties?

Representations and warranties in busines

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Key Takeaways

• New business owners need a range of internal, external, and compliance-related business documents to operate legally and efficiently.
• Organizational documents like business plans, mission statements, and corporate resolutions help define and support a company’s operations.
• External communications such as business letters, memos, and proposals establish credibility and maintain professionalism.
• Employee and HR-related documentation—including handbooks, evaluations, and onboarding packets—are vital for internal management.
• Digital-era essentials like email policies, website disclaimers, and online agreements enhance customer transparency and compliance.

One of the most difficult parts of starting a business, and one of the least intuitive, is the paperwork piece.

To help alleviate some of that mystery, we've put together a list of some of the most important business documents that will give you a quick

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