SINCE 1974
Delaware LLC vs. Corporation In Delaware both LLCs and corporations offer their owners limited liability. A business operating as an unincorporated sole proprietorship or general partnership exposes its owners to unlimited liability. Both an LLC and corporation may be a single-person entity. The fee structure is similar in cost, depending on the corporation’s size, amount of stock […]
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What Is a Subsidiary? A subsidiary company is a child company owned by a “parent” company. A subsidiary is tethered to the parent when all of the child’s ownership interests are in the name of the parent company. Subsidiaries are powerful tools. They allow for independence and for the protections needed for prudent risk-taking. Often, […]
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How to Go From a Corporation to a PBC First, the decision to change from a traditional corporation to a PBC must be adopted in the annual meeting minutes of stockholders by a two-thirds vote in favor and through a unanimous action by the directors of the corporation. A PBC is not a different legal […]
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In addition to rowing and coaching, IncNow provides Austin a “bonus education.” As a student, he minored in Energy and Environmental Policy which exposed him to the roles that legal professionals play in environmental issues. Accordingly, he researched environmental law and decided upon a legal career path. IncNow president John L. Williams, Esq. is also […]
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A Delaware LLC is protected from creditors that target a member The charging order that allows creditors of a member to pursue their distributions, but not LLC assets or other member assets, applies uniquely to LLCs in Delaware. Creditors are not entitled to LLC property or an ownership stake in the LLC, while The Uniform […]
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A More Modern Form of the LLC According to the US Supreme Court in a case about twenty years after the 14th Amendment was adopted, Santa Clara County v. Southern Pacific Railroad Co., the court extended that personhood to artificial business entities. What happened as a result of that was it gave business entities the […]
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