Author name: Brandon

Private equity investors favor DLLCs because of the benefits that they provide such as limited liability; indemnification; and other advantages that make them appealing, particularly when undertaking high-stakes deals. Additionally, the Delaware LLC Act doesn’t include many mandatory provisions that could impede high-stakes private equity deals; most important in such deals tend to be default […]

Operating agreements provide your LLC with rules that outline how it will run, helping prevent confusion and keep the business running efficiently. Delaware’s freedom of contract precept allows you to draft an LLC operating agreement tailored to the unique needs of your company. Terms can be altered as necessary in order to protect you and

If you’re considering the formation of a Limited Liability Company (LLC) in Delaware, its multiple advantages could make it the better choice over other business entities. One major reason is its flexibility for customizing corporate governance rules. Due to the state’s longstanding policy of freedom of contract, an LLC operating agreement allows you to set

Delaware LLCs are business entity types that offer many of the same legal protections and tax flexibility as corporations without all the formalities involved. LLCs can be an attractive choice for startups and medium-risk businesses, as they allow owners to shield their personal assets from debts and liabilities associated with the business. Choosing a Company

If you want to protect your business from personal liabilities and reduce tax obligations, a Delaware LLC is an ideal option. It combines the freedom of a partnership or sole proprietorship with limited liability of a corporation for small businesses. 1. Annual Meeting As a business owner, you likely care about maintaining the health of

If you are a member of an LLC and decide to terminate your membership, there are several steps that must be taken. You will need to file a Certificate of Cancellation, pay any taxes due, and close accounts. You can do this online or via mail. Generally, it’s quicker to do it online as the

If you’re considering forming a limited liability company, there are several states to choose from. Delaware and Nevada are two popular choices for incorporation but each offers distinct advantages that may be better suited for your business needs. Delaware has a well-developed legal system and laws that safeguard shareholder rights, making it more appealing to

If your company is a Delaware LLC, changing the name of your LLC requires filing for a certificate of amendment. Thomas Law Firm PLLC can assist with this process at an affordable flat fee. First, select a name that meets the state’s business requirements. Secondly, conduct a trademark search. Choose a Good Business Name When

The Delaware LLC act, Section 18 406 specifically, allows businesses formed outside the US to be formed and domesticated within Delaware without ceasing operations or needing the winding up and termination of their original entity. This flexibility enables DLLCs to grow without disrupting current operations or having to cease altogether. Articles of Organization Limited liability

When starting a new business venture, it is essential to decide which structure best meets your requirements. One popular option is an LLC (limited liability company). An LLC can be formed online, by mail or in person. Once formed, the state will issue a certificate or other confirmation document that can be used to open