Becoming an LLC is an easy and inexpensive way to protect yourself from personal liability for business obligations. It’s definitely worth considering if you have your own business—even if that business is you.
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The best type of company for a small business is generally an LLC. Members own an LLC and either third-party managers or the members themselves manage it. It is a very flexible form of business, which accounts for why almost 75% of new businesses are LLCs today. The LLC Operating Agreement is the governing document […]
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When to Form a Series LLC When a traditional LLC begins to branch off and undertake new business ventures or operations, it faces the risk of having all of its assets become subject to the liabilities and creditors of its divisions. Before the birth of the Series LLC, the only option available to companies was […]
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Benefit #1: Low Start-Up Costs The initial point of attraction for LLC formation in the state of Delaware is the low upfront costs of filing. The subsequent costs of maintaining the LLC are also low. The current minimum filing fee in the state of Delaware stands at $90. Owners forming a Delaware LLC experience remarkable […]
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This is also why it may feel hard to find a straight answer anywhere. But, fortunately for you, this means that you’re on the same level as your friend with a law degree—no need to attend law school. You the entrepreneur, and your friend the lawyer, are probably both starting at square one. (This is […]
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What Does Apostille Mean, Exactly? An Apostilled Certified Copy from the Secretary of State is required by certain countries which accept the terms of the Hague Convention’s international treaty. For example, to do business in Spain, rather than have a Certified Copy of the Delaware LLC’s Certificate of Formation legalized by filing a Certified Copy […]
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