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.

Benefits of a Delaware LLC By Andrew Millman Tuesday, December 3, 2019 benefits of a delaware llcThere are a number of reasons a Delaware LLC is uncomplicated to form and maintain. The Delaware LLC is well-known for its unmatched flexibility and low maintenance requirements... Read More
Creating a Delaware LLC as a Holding Company By Andrew Millman Tuesday, November 5, 2019 create a delaware llc as a holding companyDelaware 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
An LLC Could Help With Your FFL Application By Devin Scott Tuesday, October 29, 2019 Federal Firearms LicenseWe are noticing a new business trend that many clients are taking advantage of. First, they form an LLC and THEN they apply for their FFL (Federal Firearms License) with the ATF... Read More
Registered Series LLC Vs. Protected Series LLC By Brett Melson Monday, October 21, 2019 Effective August 1, 2019, the Delaware Legislature amended the statute’s series LLC provisions. The amendments create a new type of “Registered Series,” but also allow series LLCs to continue as before, now called the Protected Series... Read More
Business License or LLC? Which Comes First? By Michael Kupfer Tuesday, October 15, 2019 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
Change of Ownership For an LLC Is Easy in Delaware By Brett Melson Tuesday, October 8, 2019 change of ownership for an llcChange of ownership for an LLC can be complicated and requires costly amendments in most U.S. states. However, not in the state of Delaware. Unlike other states, Delaware requires very little information to be made public in order to form an LLC... Read More
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
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