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.
Certificate of Formation and the Role of the Organizer
By
Brett Melson
Tuesday, December 19, 2023
A Delaware LLC authorized person plays a role in the launch of the business. Read about the Certificate of Formation and an LLC organizer’s responsibilities...
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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...
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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...
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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...
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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...
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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...
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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...
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Pros and Cons to Running an LLC from Home
By
HBS
Tuesday, May 16, 2023
Most people love the idea of working from home - but is it a good choice to run your LLC from home? Here are the pros and cons to running an LLC from home...
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What to Know about California’s LLC Forms
By
Andrew Millman
Monday, May 8, 2023
States require different forms when you register a foreign company for Foreign Qualification. California has three different forms for LLCs...
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Business License or LLC? Which Comes First?
By
HBS
Sunday, January 29, 2023
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...
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