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.

What Does an LLC Operating Agreement Do? By Andrew Millman Monday, March 4, 2019 An LLC Operating Agreement covers many aspects of the LLCs structure, including ownership, membership, management, day-to-day responsibilities and more. Learn more about this important document and what aspects of the LLC it governs... Read More
LLC Transfer of Interests [with templates] By Brett Melson Tuesday, November 20, 2018 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
Delaware LLC Requirements to Get a Federal Tax ID By Brett Melson Tuesday, October 2, 2018 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
The Structure of the Limited Liability Company By Rick Bell Tuesday, February 27, 2018 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
Form a Delaware LLC Without Names on the Public Record By Brett Melson Monday, December 25, 2017 form a delaware llc without names on the public recordMany people want to know how to file a Delaware LLC confidentially, and how to protect ownership if you file and decide not to list your member's names on your Certificate of Formation. In Delaware, the only document you are required to file in order to create an LLC is a Certificate of Formation... Read More
How to Add a Series to a Delaware Protected 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
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
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
U.S. Company Formations for Non-Residents By Brett Melson Tuesday, July 12, 2016 us company formations for non residentsThe Delaware Corporate Law structure does not impose restrictions on foreign ownership or management. It also does not require a Delaware LLC to maintain any physical presence in the state of Delaware other than a Registered Office and Registered Agent... Read More