Author name: Brandon

What Are the Officer Titles for a Delaware LLC?

Officers of a Delaware general corporation, close corporation or public benefit corporation have an essential role in the operations and management of their company. Their roles and responsibilities are typically spelled out in their bylaws but not listed on the Certificate of Incorporation filed with the state. Limited liability companies (LLCs) are increasingly popular in

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Delaware LLC Act Removal of Manager For Private Equity Deals

Parties to high-stakes private equity deals should consider forming their operating entity in Delaware for several reasons. One major benefit is the flexibility provided by Delaware’s LLC Act. Contrary to corporate law, which holds directors and officers accountable to liability frameworks developed through case law judicial decisions, the Delaware LLC Act grants members almost unfettered

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Delaware LLC Act – Sale of Substantial All Assets

As a general rule, many US business organizations and sophisticated transactions opt for Delaware law as the governing law for their operations. This holds true regardless of whether participants are public companies, private equity firms, investment funds or others. One reason high-stakes private equity deals often choose Delaware LLC acts over other states’ is that

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