Posted by Brett Melson
How to Add a Series to a Delaware Series LLC Monday, November 20, 2017

A 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.... Continue Reading

Posted In: About LLCs

4 Things to Know about Corporate Bylaws [Free Template] Tuesday, October 24, 2017

Corprate bylaws provide the granular detail into how the corporation will operate and what its governance mechanics will be. They also describe the relationship among its Board of Directors, its officers and its shareholders.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

How Important is Corporate Indemnification? Monday, October 16, 2017

In a corporation, the scope of indemnification can vary, depending upon the terms of the corporation’s charter and bylaws, but only within certain parameters prescribed by the Delaware corporate law and judicial precedent.... Continue Reading

Posted In: About Corporations

How to Get a Tax ID Number for a Delaware LLC Tuesday, August 1, 2017

Once 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.... Continue Reading

Posted In: About LLCs

Filing S-Corp Status on a New Delaware Corporation Monday, July 17, 2017

The Subchapter S tax status, also known as an S corporation or S-Corp, is a very popular tax status for newly formed corporations. Subchapter S tax status allows for a unique taxation method whereby the profits and losses flow through the company to the shareholders.... Continue Reading

Posted In: Business Strategies

EIN Confirmation Letter Tuesday, June 20, 2017

If we obtained the EIN number on behalf of your company, feel free to request that the 147C letter be faxed to us at (302) 645-1280. Once the fax has been received, we will email the letter to you as a courtesy.... Continue Reading

Posted In: Business Strategies

Change Your Company Name: Certificate of Amendment Tuesday, May 30, 2017

It’s easier than you think to change a company’s name. Just file a Certificate of Amendment, which alters your company name quickly and painlessly.... Continue Reading

Posted In: Business Strategies

I Can't Find My Employee Identification Number Tuesday, May 23, 2017

If you've lost your EIN, there are ways you can retrieve the number, such as the IRS, your bank or, if we obtained the EIN for you, call us.... Continue Reading

Posted In: Compliance

The Delaware Series LLC Operating Agreement & Structure Tuesday, May 16, 2017

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

What Is the Role of Officers in a Delaware Corporation? Monday, May 8, 2017

Delaware law mandates that an officer of the corporation must be an individual and cannot be another entity; however, Delaware does not have restrictions in place about who can serve as an officer in a corporation.... Continue Reading

Posted In: About Corporations

Introduction to Limited Partnerships Monday, April 3, 2017

A limited partnership is formed by filing a Certificate of Limited Partnership with the state of Delaware. A limited partnership is not required to file its governing document, the limited partnership agreement, with the state of Delaware.... Continue Reading

Posted In: Business Strategies

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