How To Convert an LLC Into a Delaware Series LLC: Three Steps Follow these steps to convert an existing LLC into a Series LLC in Delaware: Step 1: Amend the Formation Document The first step to convert an LLC into a Series LLC is to file an amended version of the LLC’s Certificate of Formation. […]
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Can a Delaware Series LLC Do Business in Other States? A Delaware Series LLC is able to do business in any state. However, it is not abundantly clear whether each state will afford a Delaware Series LLC the same liability protections provided by the Delaware LLC Act. States generally cannot discriminate against business entities from […]
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How to Establish a Delaware Registered Series: 5 Steps Establishing a Delaware Registered Series involves forming a Delaware Series LLC with a few additional steps. Step 1: File A Certificate of Formation The first step is to form a Delaware Series LLC by filing a Certificate of Formation with the Delaware Secretary of State. The […]
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What Are Separate Series Agreements in a Series LLC? A Separate Series Agreement is essentially a mini-Operating Agreement for an individual protected series under a Series LLC. These Agreements are private contracts signed by the Members of a Series LLC who are also Members associated with that particular protected series. A Series LLC is able […]
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Why Form a Public Benefit Corporation? A Public Benefit Corporation (PBC) allows a business to work toward profit while supporting a social or environmental mission. Unlike a general corporation, a PBC allows directors to consider the affects their decisions have on employees, customers, communities, and the environment, not just shareholders. By incorporating its public support […]
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