The LLC is the most popular type of Delaware business formation. In these blogs, we examine all aspects of LLCs, including LLC Operating Agreements.
How to Get a Tax ID Number for a Delaware LLC
Tuesday, August 1, 2017
Once 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
Who Can Be a Member of an LLC?
Tuesday, July 25, 2017
Anyone 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
What to Know about California’s LLC Forms
Monday, May 29, 2017
States require different forms when you register a foreign company for Foreign Qualification. California has three different forms for LLCs... Read More
Business Structure: LLC
Wednesday, May 24, 2017
A member of an LLC may also function as a manager, but an LLC does not need to have a manager; members can run the company on their own. As for managing-member vs member classifications, it is simple: when a member is also a manager, he or she is usually referred to as a "managing-member.".. Read More
The Delaware Series LLC Operating Agreement & Structure
Tuesday, May 16, 2017
Under Delaware law, a series LLC (limited liability company) may be composed of individual series of membership interests. This type of entity is referred to as a Delaware series LLC. Here's what you need to know about the Delaware series LLC, including the series LLC operating agreement... Read More
Change of Ownership For an LLC Is Easy in Delaware
Tuesday, March 7, 2017
Change of ownership for an LLC can be complicated and requires costly amendments in most U.S. states. However, not in the state of Delaware. The only document required to be filed in Delaware to create an LLC is the Certificate of Formation. Unlike other states, Delaware requires very little information to be made public in order to form an LLC... Read More
Pros and Cons of a Delaware Series LLC
Tuesday, February 28, 2017
Under Delaware law, a limited liability company (LLC) may be composed of an individual series of membership interests. This type of entity is referred to as a Delaware series LLC... Read More
What is a Delaware LLC Certificate of Formation?
Tuesday, February 21, 2017
A Certificate of Formation is like a birth certificate for a new Delaware LLC. It is filed and must be approved by the Delaware Secretary of State. 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
Creating a Delaware LLC as a Holding Company
Tuesday, January 24, 2017
Creating a Delaware LLC as a holding company protects your business and personal assets in an organized business structure for your companies. Delaware LLCs can conduct any lawful business activity anywhere in the world... Read More
NY’s LLC Publication Requirement for Foreign Entities
Monday, November 28, 2016
If you would like to operate your Delaware LLC in the state of New York, you can easily do so after you file for Foreign Qualification.
Foreign Qualification is the process in which the New York Department of State gives your Delaware LLC permission to legally operate in that state... Read More