This business structure is referred to as “brother-sister” entities (as opposed to “parent-child” or subsidiaries). In this example, the assets of the real estate holding business and the fitness business are insulated from the liabilities of each other. If a customer claims they were injured while using the exercise equipment owned by ABC Fitness Management […]
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According to the US Copyright Office, “Copyright protects original authorship fixed in tangible form.” This means that once filed, a copyright gives the claimant the exclusive right to publish, distribute and reproduce specific text, artwork, music, audio/visual material, etc. A person or company can only hold copyright to something if it is in a recorded […]
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What is a Communications Contact for a Delaware LLC? Before these 2014 amendments, legislation passed in 2007 that stated every Delaware LLC must provide to its commercial registered agent, the name and contact information of “a natural person who is a member, manager, officer, employee or designated agent of the limited liability company”¹ who is […]
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PHASE I – DREAM 1. Nothing Ventured, Nothing Gained – Gerald Nelson • Overcome fears, go out on a limb, and take risks. Courage. 2. Independent Women, Pt. I – Destiny’s Child • Anyone can do it! Be your own boss. Make your own money. Make your own destiny. […]
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There are a few key areas of debate this committee is attempting to resolve, but chief among them are: What are the default rules pertaining to relationships with third parties (process servers, foreign state qualification, etc.) Can a series “spin off” into a separate entity? Should this be a stand-alone act, or amended to be […]
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The main advantage in converting to Delaware rather than dissolving your existing LLC and forming a new one is that all business relationships, existing contracts, age of the business and credit history remain in-tact. If you choose to form a new LLC and dissolve the old one, you are starting anew at the state level. […]
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