Recent changes to Section 102(b)(7) of the Delaware General Corporation Law have enabled corporations to include a provision exonerating certain officers from personal liability for breaches of fiduciary duty of care. This is an important development for companies organized in Delaware as well as public entities incorporated there. For years, exculpation provisions were reserved exclusively […]
Delaware LLC Exculpation Read More »
A certificate of good standing (CGS) is a legal document that certifies your compliance with state laws and taxes in Delaware. It serves to bolster your credibility when engaging in commercial endeavors. Delaware companies that do business in the state must obtain a CGS at some point. It’s an essential piece of paperwork for anyone
Certificate of Good Standing Delaware Read More »
Section 18 of the Delaware Limited Liability Company Act states that a member of an LLC is not personally liable for any debts or obligations of the business if they do not serve as manager or agent. The DLLC Act grants DLLCs the authority to “indemnify and hold harmless any member, manager, or other person
What is Section 18 of the Delaware Limited Liability Company Act? Read More »
If you’re seeking to limit your personal liability for business debts and lawsuits, an LLC could be the ideal option. This business structure offers the limited liability protection of a corporation with the flexibility and lack of formalities provided by partnerships or sole proprietorships. Articles of organization When forming a limited liability company, the articles
Can a Delaware LLC Have Shareholders? Read More »
The Delaware company shareholder register is an invaluable tool for maintaining information about your corporation. It can assist in keeping tabs on corporate finances and helping to avert financial issues. A company shareholder register can also serve to document legal disputes between your company and other shareholders. Unfortunately, you will need to travel to Delaware
Delaware Company Shareholder Register Read More »
If you need a way to separate assets from liabilities without increasing the cost of running a business, Delaware series LLCs could be an ideal solution. This innovative tool is being utilized across America for complex transactions and is becoming increasingly popular. One major advantage of the Delaware series LLC statute is that it permits
Delaware Series LLC – A New Option For Asset Segregation Read More »
