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 Tax Status Options
By
Brett Melson
Monday, July 1, 2024
An LLC offers the limited liability of a corporation and flexible taxation. To file and form both an LLC requires little to no personal information, and Harvard Business Services makes the process simple and convenient. In this article, learn about LLC taxation options including: Disregarded Entity Status, the Partnership Tax, and S-Corp Election.. Read More
An LLC offers the limited liability of a corporation and flexible taxation. To file and form both an LLC requires little to no personal information, and Harvard Business Services makes the process simple and convenient. In this article, learn about LLC taxation options including: Disregarded Entity Status, the Partnership Tax, and S-Corp Election.. Read More
Preserving Family Business Ownership with a Delaware LLC
By
Brett Melson
Monday, May 13, 2024
A Delaware LLC can be very flexible when it comes to preserving ownership in the family business you've worked so hard to create. In fact, an LLC has the potential to preserve ownership for future decades... Read More
A Delaware LLC can be very flexible when it comes to preserving ownership in the family business you've worked so hard to create. In fact, an LLC has the potential to preserve ownership for future decades... Read More
LLC Change of Ownership Checklist
By
Brett Melson
Tuesday, April 23, 2024
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
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 Timetable for Canceling Your LLC
By
HBS
Monday, February 19, 2024
If you have stopped using one of your LLCs and it’s time to close it, here is the Delaware timetable. Whether the company didn’t turn out as planned or you feel the company has run its course and it’s time to shut down, Harvard Business Services, Inc. is here to assist with any cancellation needs... Read More
If you have stopped using one of your LLCs and it’s time to close it, here is the Delaware timetable. Whether the company didn’t turn out as planned or you feel the company has run its course and it’s time to shut down, Harvard Business Services, Inc. is here to assist with any cancellation needs... Read More
The Perils of LLC Flexibility (Part 2) – Key Issues an Operating Agreement Must Address
By
Jarrod Melson, Esq.
Tuesday, December 5, 2023
When drafting your LLC Operating Agreement, it’s important to include sections about how to remove a manager, remove a member, and solve a deadlock... Read More
General Partnership vs Limited Partnership
By
Devin Scott
Monday, December 4, 2023
When partnering with a company or an individual, it is often important to know exactly what your roles, duties, and liabilities may be. There are two common types of partnerships that often get confused: general partnership and limited partnership... Read More
When partnering with a company or an individual, it is often important to know exactly what your roles, duties, and liabilities may be. There are two common types of partnerships that often get confused: general partnership and limited partnership... Read More
LLC Charging Orders – An LLC’s Limited Liability from Its Members
By
Jarrod Melson, Esq.
Tuesday, November 14, 2023
While LLC members are protected from personal liability, creditors can still get a charging order for compensation. Learn more about LLC charging orders today... Read More
While LLC members are protected from personal liability, creditors can still get a charging order for compensation. Learn more about LLC charging orders today... Read More
Does an LLC Have Stock or Shareholders?
By
Justin Damiani
Tuesday, October 24, 2023
Can LLCs have shareholders or issue stocks? Learn more about the simple LLC ownership structure, ownership changes & how they differ from corporations... Read More
Can LLCs have shareholders or issue stocks? Learn more about the simple LLC ownership structure, ownership changes & how they differ from corporations... Read More
What Is an LLC Operating Agreement?
By
Brett Melson
Monday, October 23, 2023
The 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
The 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
The Perils of LLC Flexibility – How are Operating Agreements Interpreted
By
Jarrod Melson, Esq.
Tuesday, October 17, 2023
Read about the importance of a well-drafted LLC operating agreement. Without clarity and context, Delaware courts will need to interpret the agreement... Read More