About LLCs
The LLC is the most popular type of Delaware business formation. In these blogs, we examine all aspects of LLCs, including LLC Operating Agreements.
Business License or LLC? Which Comes First?
By
HBS
Sunday, January 29, 2023
Obtaining a business license is not the same as forming an LLC or other legal entity for your business. Whereas the license approves your specific business in a certain jurisdiction, an LLC provides an official, legally-recognized business structure... Read More
Obtaining a business license is not the same as forming an LLC or other legal entity for your business. Whereas the license approves your specific business in a certain jurisdiction, an LLC provides an official, legally-recognized business structure... Read More
Who Can Be a Member of an LLC?
By
Andrew Millman
Monday, January 2, 2023
Anyone in the world can be a member of a Delaware LLC. Generally, the members of an LLC are individuals, but it doesn’t stop there. Many people opt to set up the Delaware LLC with another company as the member. This can be a corporation, Limited Partnership or even another Delaware LLC... Read More
Anyone in the world can be a member of a Delaware LLC. Generally, the members of an LLC are individuals, but it doesn’t stop there. Many people opt to set up the Delaware LLC with another company as the member. This can be a corporation, Limited Partnership or even another Delaware LLC... Read More
Mistakes to Avoid When Adding a Registered Series
By
Brett Melson
Monday, December 19, 2022
Clients attempting to file on their own have been met with confusion and frustration as their filings are rejected. Here are two of the reasons why they’ve been having trouble... Read More
Clients attempting to file on their own have been met with confusion and frustration as their filings are rejected. Here are two of the reasons why they’ve been having trouble... Read More
How a Family Business Can Set Up Its LLC Operating Agreement
By
Brett Melson
Monday, November 14, 2022
A Delaware LLC can be very flexible when it comes to preserving ownership in the family business you've worked so hard to create. In fact, an LLC has the potential to preserve ownership for future decades... Read More
A Delaware LLC can be very flexible when it comes to preserving ownership in the family business you've worked so hard to create. In fact, an LLC has the potential to preserve ownership for future decades... Read More
Operating Multiple Businesses Under One LLC
By
HBS
Monday, November 7, 2022
It is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Business As") to operate an additional business under a different name... Read More
It is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Business As") to operate an additional business under a different name... Read More
Creating a Delaware LLC as a Holding Company
By
Andrew Millman
Monday, August 22, 2022
Delaware LLCs can conduct any lawful business activity anywhere in the world. Some people explore the low-cost series LLC when they want to operate several different businesses, which is very enticing since there is only one annual Franchise Tax payment to the state of Delaware and one annual Registered Agent Fee... Read More
Delaware LLCs can conduct any lawful business activity anywhere in the world. Some people explore the low-cost series LLC when they want to operate several different businesses, which is very enticing since there is only one annual Franchise Tax payment to the state of Delaware and one annual Registered Agent Fee... Read More
What Is an LLC Operating Agreement?
By
Brett Melson
Monday, April 25, 2022
The Delaware legislature created the limited liability company (LLC) in such a way as to allow the LLC's members the freedom to contract with one another upon whatever terms they deem are best suited to their company... Read More
The Delaware legislature created the limited liability company (LLC) in such a way as to allow the LLC's members the freedom to contract with one another upon whatever terms they deem are best suited to their company... Read More
LLC Change of Ownership Checklist
By
Brett Melson
Monday, April 18, 2022
Members of an LLC may change the LLC’s ownership and the terms governing its management and operation by amending its operating agreement. Here are five parties you’ll want to inform when you do so to avoid putting your company at any undue risk... Read More
Members of an LLC may change the LLC’s ownership and the terms governing its management and operation by amending its operating agreement. Here are five parties you’ll want to inform when you do so to avoid putting your company at any undue risk... Read More
Ensuring an LLC Will Have Perpetual Existence
By
Brett Melson
Monday, February 14, 2022
The LLC agreement has been a popular topic in many other blog postings. This post focuses on the LLC’s potential for perpetual existence, highlighting just how flexible the Delaware LLC can be and why over 70% of our new formations are the Delaware LLC!.. Read More
Why Clients Want to Form a Delaware Public Benefit LLC
By
Justin Damiani
Monday, January 24, 2022
Clients form a Delaware Public Benefit LLC to offer a benefit to society while gaining profits. A Public Benefit LLC is ideal for the client who is interested in the custom management structure that a regular LLC provides, and whose company exists to provide a specific social good or benefit to the public and the community... Read More
Clients form a Delaware Public Benefit LLC to offer a benefit to society while gaining profits. A Public Benefit LLC is ideal for the client who is interested in the custom management structure that a regular LLC provides, and whose company exists to provide a specific social good or benefit to the public and the community... Read More