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.

LLC Transfer of Interests [with templates] By Brett Melson Monday, November 27, 2017 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 Add a Series to a Delaware Series LLC By Brett Melson Monday, November 20, 2017 how to add a series to a delaware series llcA Series LLC is a viable option for business owners who operate multiple types of businesses—they can form a separate LLC for each aspect of their business... Read More
Can I Operate Multiple Businesses Under One LLC? By HBS Tuesday, October 31, 2017 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 Dusiness As") to operate an additional business under a different name... Read More
How to Get a Tax ID Number for a Delaware LLC By Brett Melson Tuesday, August 1, 2017 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
Who Can Be a Member of an LLC? By Andrew Millman Tuesday, July 25, 2017 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
What to Know about California’s LLC Forms By Andrew Millman Monday, May 29, 2017 californias llc formsStates require different forms when you register a foreign company for Foreign Qualification. California has three different forms for LLCs... Read More
Business Structure: LLC By Andrew Millman Wednesday, May 24, 2017 business structure of an llcA 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 By Brett Melson Tuesday, May 16, 2017 delaware series llcUnder 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 By Brett Melson Tuesday, March 7, 2017 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. 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 By Brett Melson Tuesday, February 28, 2017 pros and cons of a delaware series llcUnder 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