by Staff of the Firm | Aug 3, 2015 | Choice of Entity, LLC, Uncategorized
Series Availability: The Latest Option Another interesting difference among LLC statutes is the availability of series LLC. This relatively new concept is said to have its origin in offshore financial institutions as a way of allocating assets and risks among a...
by Staff of the Firm | Jul 30, 2015 | Choice of Entity, LLC, Uncategorized
Fiduciary Duties: Do Managers Owe Special Duties to the LLC or Its Members? A fiduciary duty is a legal duty to act solely in another party’s interests. For those familiar with the context, a fiduciary duty is often likened to the duties of a trustee to hold property...
by Staff of the Firm | Jul 27, 2015 | Choice of Entity, LLC, Uncategorized
Creditors’ Rights: Can My Creditors Go After the LLC’s Assets? In Delaware, as in most other states, LLC members are generally not liable for the debts, obligations, and liabilities of the LLC. We say generally, because there are situations where LLC members can be...
by Staff of the Firm | Jul 23, 2015 | Choice of Entity, LLC, Uncategorized
Comparison of LLC Statutes: Delaware, New York, and Texas Should I Form My LLC in Delaware or Elsewhere? Business owners often ask us where they should form an LLC. Delaware has long been the preferred state of incorporation for businesses. Indeed, of the...
