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Posted by Brett Melson


Change of Ownership For an LLC Is Easy in Delaware Tuesday, March 7, 2017

Change of ownership for an LLC can be complicated and requires costly amendments in most U.S. states. However, not in the state of Delaware. The only document required to be filed in Delaware to create an LLC is the Certificate of Formation. Unlike other states, Delaware requires very little information to be made public in order to form an LLC.... Continue Reading

Posted In: About LLCs

Pros and Cons of a Delaware Series LLC Tuesday, February 28, 2017

Under 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.... Continue Reading

Posted In: About LLCs

What to Know about a Limited Liability Partnership Monday, February 27, 2017

A limited liability partnership is a general partnership that has elected to be treated as a limited liability partnership under Delaware law. An LLP is not set forth in a separate portion of the Delaware code; instead, the laws governing the features of an LLP are the same as those governing general partnerships.... Continue Reading

Posted In: Business Strategies

Delaware Certificate of Incorporation Tuesday, January 17, 2017

A Delaware Certificate of Incorporation is the foundation upon which a Delaware corporation is built. The state of Delaware requires very little information to be made public in order to form a corporation; the Certificate of Incorporation only requires a few pieces of information.... Continue Reading

Posted In: About Corporations

The Problem with Marijuana Industry Startups Monday, January 9, 2017

The cannabis industry is one of the nation's fastest growing industries and is generating enormous interest from entrepreneurs, investors and, of course, regulators and tax authorities. Twenty-eight states and the District of Columbia have legalized medical marijuana, with fourteen states authorizing the sale and use of medical marijuana just within the last five years.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

EIN vs ITIN: What's the Difference? Tuesday, December 13, 2016

There are many numbers that are used to identify ourselves and our corporations or LLCs, such as a Social Security number, driver's license number, passport number, DUNS number and EIN (Employer Identification Number). Many business owners and employees wonder about the differences between the Federal Employer Tax ID number (EIN) and the individual taxpayer identification number (ITIN).... Continue Reading

Posted In: Compliance

What Does It Mean to Be a Shareholder in a Corporation? Monday, December 12, 2016

A shareholder is an individual or entity that holds shares representing an equity ownership interest in a corporation, often termed either common or preferred stock. A shareholder can also be referred to interchangeably as a stockholder.... Continue Reading

Posted In: About Corporations

The Delaware Series LLC Operating Agreement & Structure Tuesday, November 15, 2016

Under 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.... Continue Reading

Posted In: About LLCs

7 Key Items to Include in Your LLC Operating Agreement Tuesday, October 25, 2016

An LLC Operating Agreement expresses the fundamental understanding among its members of the how the company will operate as well as the members’ respective rights and obligations, including such issues as voting, ownership and management rights.... Continue Reading

Posted In: About LLCs

How to Fix Business Mistakes in a Delaware Corporation Monday, September 19, 2016

Drafting corporate resolutions, recording meeting minutes and tracking stock available for issuance is sometimes seen as a distraction from the company’s primary focus of pursuing its business plan and achieving its goals.... Continue Reading

Posted In: About Corporations

Advantages & Disadvantages of a Delaware Series LLC Tuesday, August 23, 2016

There are several advantages to a Delaware series LLC, which is why so many people inquire about the structure of the Delaware series LLC. In a series LLC, owners need only form one LLC; they can then establish any number of separate series internally, without any additional expenses for the creation of an these individual series.... Continue Reading

Posted In: About LLCs

Company Structure: Corporation Monday, July 18, 2016

The Delaware General Corporation Law is flexible with respect to the type and number of officers a Delaware corporation must appoint. The applicable portion of the Delaware Corporation Law provides that a Delaware corporation shall have “such officers with such titles and duties as shall be stated in the bylaws or in a resolution of the Board of Directors which is not inconsistent with the bylaws.”... Continue Reading

Posted In: About Corporations

U.S. Company Formations for Non-Residents Tuesday, July 12, 2016

The 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.... Continue Reading

Posted In: About LLCs

6 Questions to Ask Before Joining a Board of Directors Monday, June 6, 2016

Sufficient time, conflict of interest & litigation protection are some of the questions you should ask yourself before joining a Board of Directors.... Continue Reading

Posted In: Business Strategies

The 3 Key SEC Rules on Crowdfunding You Need to Know Sunday, May 22, 2016

The Securities and Exchange Commission (SEC) finally adopted exciting new rules that permit companies to raise money through crowdfunding. As a result, companies will be able to raise up to $1 million in any 12-month period from a broad base of ordinary investors through the internet.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

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