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 Timetable for Canceling Your LLC By Rick Bell Monday, February 19, 2024 Steps to closing your LLCIf 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 general partnership vs limited partnershipWhen 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 LLC Charging orderWhile 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 Does an LLC Have Stock or ShareholdersCan LLCs have shareholders or issue stocks? Learn more about the simple LLC ownership structure, ownership changes & how they differ from corporations... 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
Creating a Delaware LLC as a Holding Company By Andrew Millman Monday, August 22, 2022 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
Ensuring an LLC Will Have Perpetual Existence By Brett Melson Monday, February 14, 2022 The LLC agreement has been a popular topic in many other blog postings. This post focuses on the LLC’s potential for perpetual existence, highlighting just how flexible the Delaware LLC can be and why over 70% of our new formations are the Delaware LLC!.. Read More
Benefits of a Delaware LLC By Andrew Millman Monday, January 17, 2022 benefits of a delaware llcThere are a number of reasons a Delaware LLC is uncomplicated to form and maintain. The Delaware LLC is well-known for its unmatched flexibility and low maintenance 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