by Staff of the Firm | Aug 10, 2015 | Choice of Entity, LLC, Uncategorized
Other Considerations So, now that you have done your research, you decide to form your LLC in Delaware and file the required forms in Delaware. Is that all you need to do? It depends on where you actually conduct business. Most, if not all, states require foreign...
by Staff of the Firm | Aug 6, 2015 | Choice of Entity, LLC, Uncategorized
Court System: Who Will Hear My Case? At times, even with careful planning and drafting, business relationships may turn sour and amicable resolution impossible. This is where being a Delaware entity might prove to be decisively advantageous. Delaware houses the...
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...
