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.

Creating an Operating Agreement for Your Band By Michael Kupfer Monday, May 20, 2019 One of the most common and straightforward ways to define the structure is to form an LLC for the band. Forming the company means creating an LLC Operating Agreement, which allows the band to formalize roles and responsibilities of its members... Read More
Free Webinar: Franchise Tax for Delaware LLCs By Michael Kupfer Tuesday, May 14, 2019 We will be hosting a free webinar for last-minute questions on your LLC Franchise Tax. Join us May 29th at 2:00pm EDT to gain a full understanding of the tax before you send your payment... Read More
LLC Change of Ownership Checklist By Brett Melson Monday, April 29, 2019 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
Delaware LLC Ownership: Units By Andrew Millman Monday, April 15, 2019 Delaware LLC Ownership UnitsOne of the key components of the Delaware LLC that makes it so popular is that the ownership, membership, management and operations of the LLC are all handled internally, via the LLC Operating Agreement... Read More
What Does an LLC Operating Agreement Do? By Andrew Millman Monday, March 4, 2019 An LLC Operating Agreement covers many aspects of the LLCs structure, including ownership, membership, management, day-to-day responsibilities and more. Learn more about this important document and what aspects of the LLC it governs... Read More
General Partnership vs Limited Partnership By Devin Scott Tuesday, February 19, 2019 general partnership vs limited partnershipWhen partnering with a company or an individual, it is often important to know exactly what your roles, duties, and liabilities may be. There are two common types of partnerships that often get confused: general partnership and limited partnership... Read More
Who Can Be a Member of an LLC? By Andrew Millman Tuesday, November 27, 2018 who can be a member of an llcAnyone in the world can be a member of a Delaware LLC or corporation. 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, LP or even another Delaware LLC... Read More
LLC Transfer of Interests [with templates] By Brett Melson Tuesday, November 20, 2018 transfer interests in an llcIn Delaware, the LLC Operating Agreement spells out all conditions of future sales or transfers. Traditionally, the LLC Operating agreement is amended internally within the LLC only... Read More
How to Get a Tax ID Number for a Delaware LLC By Brett Melson Tuesday, October 2, 2018 How to Get a Tax ID Number for a Delaware LLCOnce a Delaware LLC has its Certificate of Formation stamped and approved by the state of Delaware, the next step is to obtain a Federal Tax ID Number, also known as an EIN, from the IRS... Read More
What is a Delaware LLC Certificate of Formation? By Devin Scott Tuesday, September 25, 2018 The Certificate of Formation is the document you receive from the state of Delaware once your LLC is filed and approved by the Delaware Secretary of State, Division of Corporations... Read More