Posted by Brett Melson
Change of Ownership For an LLC Is Easy in Delaware Tuesday, October 8, 2019

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

Best States for Business, Ranked by Lawyers Monday, September 30, 2019

The 2019 Lawsuit Climate Survey “Ranking the States: A Survey of the Fairness and Reasonableness of State Liability Systems” from the U.S. Chamber Institute for Legal Reform is out. No surprise here, but the state of Delaware was voted number one again!... Continue Reading

Posted In: The Delaware Advantage

What Is the Role of Officers in a Delaware Corporation? Tuesday, September 17, 2019

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

The New Divisive Merger Provisions under Delaware Law Monday, August 12, 2019

Under new provisions, limited liability companies and limited partnerships can develop a plan to divide the 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

Delaware Adds Over 200,000 New Companies in 2018 Monday, August 5, 2019

The 2018 Annual report from the Delaware Division of Corporations Secretary of State’s off has been released and the report reiterates why accountants, attorneys and business professionals from all around the world use Delaware as the state to incorporate.... Continue Reading

Posted In: The Delaware Advantage

Introducing the New Public Benefit Limited Partnership Monday, July 29, 2019

An LP wishing to elect Public Benefit status must include a Public Benefit Statement in its Certificate of Limited Partnership. In addition, the LP agreement should articulate in detail the “public benefits” that management may consider in operating the entity.... Continue Reading

Posted In: Business Strategies

Change Your Company Name: Certificate of Amendment Tuesday, May 21, 2019

Learn how to easily change a company’s name. We'll help you file a Certificate of Amendment, which alters your company name quickly and painlessly with the state.... Continue Reading

Posted In: Business Strategies

LLC Change of Ownership Checklist Monday, April 29, 2019

Members of an LLC may change the LLC’s ownership and the terms governing its management and operation by amending its operating agreement. Here are five parties you’ll want to inform when you do so to avoid putting your company at any undue risk.... Continue Reading

Posted In: About LLCs

How Important is Corporate Indemnification? Tuesday, April 16, 2019

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

What to Know about a Limited Liability Partnership Monday, April 8, 2019

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

How to Get an ITIN Number Tuesday, February 12, 2019

The term “ITIN” stands for Individual Tax Identification Number. Any person who needs a tax identification number but is not eligible to obtain a Social Security Number can apply for an ITIN. An ITIN is easy to identify, as it always begins with the number “9.”... Continue Reading

Posted In: Compliance

Interesting Facts About Delaware Monday, January 21, 2019

There’s much more to the state of Delaware than tax-free shopping; here are some interesting Delaware facts.... Continue Reading

Posted In: The Delaware Advantage

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