Should you create another LLC to insulate hot assets from cold assets? The main reason to segregate assets into ring-fenced islands of brother-sister LLCs is to prevent a fire on one part of your business destroying assets in another part of your business. Let us say you are planning to open a fitness center business. […]
Continue ReadingSince one of the first steps in opening a business is launching a website, that may be the first thing you should protect. This is especially true if your website is particularly unique or creative. While you obtain rights merely by publishing it and marking the page copyrighted (e.g., © 2015 Agents and Corporations, Inc. […]
Continue ReadingA few years ago, pressure from U.S. Treasury and International countries prompted Delaware to require a “communications contact” for each LLC formed in Delaware. A 2014 Amendment clarified what is required of this communications contact, including access to ownership and management contact information. What is a Communications Contact for a Delaware LLC? Before these 2014 […]
Continue ReadingFinding inspiration in lyrics and energy in the rhythm can get entrepreneurs moving. Perhaps you are looking for songs or a playlist that can serve as a business start-up soundtrack for when you file a Delaware LLC to become your own boss! These songs cover everything from inspiration to innovation and should help fuel your […]
Continue ReadingIf you want to form a Non-Profit company, the structure must be a corporation. The reason why LLCs cannot qualify as a 501(c)(3) is because LLCs have members who are the owners of the company, unlike a Non-Profit Corporation, which has no stockholders, usually only directors and officers. The only way to use an LLC […]
Continue ReadingOn November 20, 2014, the American Bar Association Real Property, Trusts and Estates Section appointed IncNow President John L. Williams, Esq. as an American Bar Association (ABA) Section Advisor on the Uniform Laws Commission (ULC) committee to draft Series LLC provisions that numerous states will use as a model for laws establishing series entities, including […]
Continue ReadingUnited States business formation law is all state specific, not federal. Within the footprint of the state, companies formed in that state need to maintain an “agent” at all times. This agent has to have a fixed office address on record with the company’s file. That makes this office the “registered office” and the business […]
Continue ReadingIn law school, one required class is Civil Procedure. This class usually starts with a discussion of “personal jurisdiction”. Human beings only have one home state where they can be sued for anything under the sun. This is known as “general subject matter jurisdiction”. In other states, humans can only be sued if they had […]
Continue ReadingMany entrepreneurs and business owners ask, “Why form a Wyoming LLC?” or “Why start an LLC in Wyoming?” Now the experts are asking the same questions, because many view a recent case as the main reason not to have a Wyoming LLC. The Wyoming Supreme Court has undermined the strength of its single-member LLCs in a […]
Continue ReadingKeep your Delaware LLC from sinking prematurely as a result of member business divorce. Plan ahead for inevitable partnership disputes by drafting membership prenuptial provisions from the outset. In this article we teach you the vernacular of LLC member buyout options, such as “Baseball” versus “Shotgun”, “Tag-Along” versus “Drag-Along”, and “Rights of First Refusals” versus “Rights of First Offers”. These are ways […]
Continue Reading