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.

Operating Multiple Businesses Under One LLC By HBS Monday, August 2, 2021 Can I operate multiple businesses under one LLC?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
Who Can Be a Member of an LLC? By Andrew Millman Tuesday, July 20, 2021 who can be a member of an llcAnyone 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
New York State Requirements for LLCs By Andrew Millman Monday, May 17, 2021 NY StateYou don’t have to handle the New York Application for Authority and Certificate of Publication on your own. Your registered agent can help you with these requirements... Read More
Withdrawing your Delaware LLC from the State of California By Andrew Millman Monday, May 10, 2021 CaliforniaIf you’ve registered your Delaware LLC as a foreign LLC with the California Secretary of State, and you have decided that you will no longer do business operations in California, we can help you file the California Certificate of Cancellation (Form LLC-4/7) with the California Secretary of State... Read More
Emergency: How Do I Get My Company Back in Good Standing? By Rhonda Wilkins Monday, May 3, 2021 Good StandingIf you find that your Delaware company has a Cease Good Standing status, you can get your company back into Good Standing by getting current on taxes and fees. If your company has gone VOID in Delaware, a Certificate of Renewel is needed, as well... Read More
Business License or LLC? Which Comes First? By HBS Tuesday, April 20, 2021 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
Public Benefit LLC or Public Benefit Corporation By Justin Damiani Monday, April 5, 2021 This article outlines key differences between the Public Benefit LLC and the Public Benefit Corporation, entities designed for those who want to do good while seeking a profit... Read More
Change of Ownership For an LLC Is Easy in Delaware By Brett Melson Tuesday, February 2, 2021 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
Free Webinar: Understanding the Series LLC By HBS Monday, November 30, 2020 Unlike basic LLCs, the Series LLC typically involves several inter-related entities, sometimes referred to as a “parent” LLC and multiple “child” LLCs. On top of that, there are different types of series available for Delaware LLCs that can create additional questions and issues... Read More
What Is an LLC Operating Agreement? By Brett Melson Monday, August 10, 2020 what is an llc operating agreementThe 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