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Are You a Serial Entrepreneur? Consider the Delaware Series LLC.
Why a Series LLC? For an entrepreneur who has multiple business pursuits or who owns multiple real estate investment properties, each product, service or property can be segregated into its own protected cell. A claim arising out of any one property, product or service should not allow that creditor or claimant to reach the assets […]
Continue ReadingWhat records do I need to update when a Member is leaving a Delaware LLC?
When I form my Delaware LLC, what add-on services do I need to order?
Delaware LLC Operating Agreement Pre-Flight Checklist
Which decisions are made by or require ratification by the members by simple majority (> 50%), supermajority (≥ 75%) or unanimous decision (100%)? Below is a list of some powers to consider addressing in your Delaware LLC Operating Agreement to determine who has the authority to engage in certain “big deal” transactions: Acquiring or selling […]
Continue ReadingIncNow Presents – How to draft Delaware LLC Operating Agreements for use in real estate transactions
LLCs are useful vehicles in several different areas of law, including commercial real estate finance, yet the best practices for drafting LLC operating agreements are unfamiliar to attorneys who are not involved in what is “under the hood” of the LLC. What provisions are included in, or left out of an operating agreement lay out […]
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