Umbrella LLC Advantages: The business entity is already created; Lower overhead costs (one annual fee instead of multiple); Less oversight is required to keep assets separate since they are held within the same company; Having multiple “incubators” for business lines can accelerate innovation, experimentation, and growth through diversification; Better suited for activities that are low […]

What Is A Series LLC? In 1996, Delaware amended its LLC Act to give LLCs the power to create an unlimited number of cells separate from the main LLC. These would later be known as “protected series”. Each protected series can have a separate business purpose, separate associated assets and even separate members. These protections […]

What Is a Series LLC Operating Agreement? The Series LLC Operating Agreement is a private contract between the members of a Series LLC and the one or more members associated with each protected series. This is an internal document that is not filed with the state of formation. The primary function of the Operating Agreement […]

What Is Captive Insurance? Insurance captives are complex entities that allow a group of companies to insure themselves against their own business risk. Captive insurance is different from commercial insurance where companies simply buy into a fund pool. Policyholders in an insurance captive wholly own the insurance company. Policyholders can exercise control over the insurer’s […]

1. Multiple DBAs What Is a DBA? A DBA (“Doing Business As”) is a trade name that an LLC or corporation can use other than its formal corporate name. For example, Agents and Corporations, Inc. trades under the name “IncNow.” A DBA is also referred to as a “fictitious name.” DBAs are useful because they […]

The Delaware Series LLC Business Growth Hack Forming a Delaware Series LLC can enable entrepreneurs looking to explore several business ideas in hopes of finding out what works. Here is how to use a Delaware Series LLC to accelerate business growth. Step 1: Protect Multiple Businesses With One Entity A Series LLC enables entrepreneurs to […]