Posted by Brett Melson
Delaware Introduces the Public Benefit LLC Monday, November 26, 2018

Many entrepreneurs and investors are seeking to do good while profiting using a Delaware LLC. An LLC wishing to elect public benefit status must include a Public Benefit Statement in its Certificate of Formation.... Continue Reading

Posted In: The Delaware Advantage

LLC Transfer of Interests [with templates] Tuesday, November 20, 2018

In 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.... Continue Reading

Posted In: About LLCs

EIN Confirmation Letter Tuesday, November 6, 2018

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

The New Divisive Merger Provisions under Delaware Law Monday, October 22, 2018

Under this provision, members of a limited liability company can develop a plan to divide a business and its assets and liabilities among two or more newly-created entities, with each business continuing independently.... Continue Reading

Posted In: The Delaware Advantage

How to Get a Tax ID Number for a Delaware LLC Tuesday, October 2, 2018

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

200,000 New Delaware Companies in 2017 Tuesday, August 28, 2018

Delaware’s 2017 Annual report from the Division of Corporations was just released and reaffirms why attorneys, accountants and business professionals continue to use Delaware for their corporation filings.... Continue Reading

Posted In: The Delaware Advantage

Delaware Certificate of Incorporation Monday, August 20, 2018

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

Delaware, Blockchain Technology & the Future Monday, July 30, 2018

Blockchain technology may bring enormous benefits to the industry, but only time will tell.... Continue Reading

Posted In: The Delaware Advantage

7 Key Items to Include in Your LLC Operating Agreement Tuesday, July 24, 2018

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 Convert an LP to an LLC Monday, June 11, 2018

The Operating Agreement governing the procedures of the LLC and the rights and obligations among its members is more flexible than that of a Limited Partnership, and may contain provisions and terms that would be impermissible in the context of a Delaware Limited Partnership.... Continue Reading

Posted In: Business Strategies

EIN vs ITIN: What's the Difference? Tuesday, May 15, 2018

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

Can I Convert a Corporation to an LLC? Monday, May 14, 2018

A Delaware LLC structure is more flexible than a corporation, as an LLC Operating Agreement may contain provisions and terms that would not be permissible in the context of a Delaware corporation.... Continue Reading

Posted In: Business Strategies

What is a Series LLC? Should I Form One? Tuesday, May 8, 2018

The Delaware LLC laws allow for the creation of a very interesting and unique entity, the series LLC. In a Delaware series LLC, each series is treated as a separate entity, meaning the debts, liabilities, obligations and expenses of one series cannot be enforced against another series of the LLC, or against the LLC as a whole.... Continue Reading

Posted In: About LLCs

How to Convert Your LLC to a Corporation Monday, April 16, 2018

The most common reason to change an LLC to a corporation is that the company needs to be able to issue shares of stock in order to bring on investors or raise venture capital | Convert an LLC to a corporation.... Continue Reading

Posted In: Business Strategies

Change of Ownership For an LLC Is Easy in Delaware Tuesday, March 27, 2018

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. Unlike other states, Delaware requires very little information to be made public in order to form an LLC.... Continue Reading

Posted In: About LLCs