While disparate owners are possible, we recommend that the series LLC be restricted to one set of owners. Mixing and matching owners can create a recipe for jealousy and suspicion of the people running this business venture, especially when the member of one series sees his or her series failing and others succeeding under the […]
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So what are bylaws? The bylaws provide the mechanics of how the stockholders elect the directors, and the directors appoint the officers and how the officers run the company. (The bylaws DO NOT govern the rights of stockholders to transfer their shares, instead that would be a separate document, called a shareholder agreement – more […]
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(If you are not familiar with how soda fountains work, the syrup is inside plastic baggies in a cardboard box. Each plastic baggie is connected to a hose which leaves the box and connects to the soda fountain where the syrup from the baggies travels through the hoses to be mixed with the carbonated water […]
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For agents out of state and for lawyers and entrepreneurs who mail or fax or hand-deliver their filings to the Delaware Division of Corporations, the State’s turn-around time is typically 2-5 weeks, as a “priority-7” routine filing before the approved filing is received back. Our advantage being an agent located in the State of Delaware […]
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3. LLC’s are the same no matter where they are formed. No. The law of incorporation governs the LLC and its internal affairs. Each state law is different. Chances are your home state’s laws are not as flexible or protective as Delaware. 4. LLC’s are just corporations without the formalities. No. LLC’s are contractual entities […]
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