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.

Delaware LLC Ownership: Units By Andrew Millman Wednesday, December 13, 2017 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
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
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
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
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
Creating a Delaware LLC as a Holding Company By Andrew Millman Tuesday, January 24, 2017 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
NY’s LLC Publication Requirement for Foreign Entities By Jeremy Reed Monday, November 28, 2016 new york LLC publication requirementIf you would like to operate your Delaware LLC in the state of New York, you can easily do so after you file for Foreign Qualification. Foreign Qualification is the process in which the New York Department of State gives your Delaware LLC permission to legally operate in that state... Read More
Advantages & Disadvantages of a Delaware Series LLC By Brett Melson Tuesday, August 23, 2016 benefits of a Delaware Series LLCThere are both advantages and disadvantages to a Delaware series LLC. Find out why this business entity is not popular yet... Read More