About LLCs

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The LLC is the most popular type of Delaware business formation. In these blogs, we examine all aspects of LLCs, including LLC Operating Agreements.

What to Know about California’s LLC Forms

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By Andrew Millman 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

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By Andrew Millman 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

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By Brett Melson 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

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By Brett Melson 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

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By Brett Melson 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?

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By Devin Scott 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

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By Andrew Millman 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

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By Jeremy Reed 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

7 Key Items to Include in Your LLC Operating Agreement

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By Brett Melson Tuesday, October 25, 2016

An LLC Operating Agreement expresses the fundamental understanding among its members of the how the company will operate as well as the members’ respective rights and obligations, including such issues as voting, ownership and management rights... Read More

Advantages & Disadvantages of a Delaware Series LLC

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By Brett Melson Tuesday, August 23, 2016

There are several advantages to a Delaware series LLC, which is why so many people inquire about the structure of the Delaware series LLC. In a series LLC, owners need only form one LLC; they can then establish any number of separate series internally, without any additional expenses for the creation of an these individual series... Read More