Guide

What is Section 18 602 of the Delaware LLC Act?

Except as provided for in a limited liability company agreement, members’ rights to participate in management and ownership of limited liability company interests can be assigned freely upon voluntary transfer. Their assignee will become members upon being accepted as such an assignment. This section applies when domesticating a non-United States entity pursuant to Section 18-212 […]

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Delaware Series LLC Statute

The Delaware series LLC statute allows you to form multiple “sub-companies” (series) within one umbrella limited liability company, thus saving registration fees and annual entity taxes. Registered series companies are considered a single entity, so only one annual Franchise Tax payment of $300 must be submitted to the state. Legal Separation Legally speaking, a series

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Delaware LLC Act Conflict of Interest Provisions

Delaware provides for innovative operating agreement arrangements by including mandatory provisions which validate such plans in an efficient way. One mandatory provision gives members the right to seek third-party resolution of disputes regarding manager election and removal issues, giving promoters of high-stakes private equity deals at least some pause. Fiduciary Duty of Care Corporate directors

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Delaware LLC Act – Covert Provisions For Private Equity Deals

Delaware is the go-to state for business incorporation and formation. This state offers many key advantages that make Delaware an excellent location, including no double taxation on income and unparalleled contractual flexibility. The Corporate Section monitors LLC statutory and case law developments nationwide. With their extensive expertise in business organization law and creativity in developing

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