SINCE 1974
Delaware Series LLC
What Is an Umbrella LLC, Exactly? An umbrella LLC is another word for a holding company. An umbrella LLC owns other LLCs that are below it, known as subsidiaries. It effectively shelters those LLCs from cross liability in the event that future litigation results in a judgment creditor trying to collect against assets of a […]
Delaware Series LLC
Record-Keeping Requirements Series LLC statutes clearly outline the conditions for records of associated assets. The most important condition is that internal records keep the assets of each protected series separate from one another. Records must objectively describe an asset to distinguish it from those associated with other protected series, or the parent LLC. Records […]
Customer Questions
How you can protect your businesses from the liabilities of your other businesses Does a D.B.A. offer you any legal protection? Are there alternatives to setting up a separate LLC for each business or property? If you have multiple LLCs, it’s only natural to wonder if you should set up an LLC holding company. In order to determine […]
Delaware Series LLC
When to Form a Series LLC When a traditional LLC begins to branch off and undertake new business ventures or operations, it faces the risk of having all of its assets become subject to the liabilities and creditors of its divisions. Before the birth of the Series LLC, the only option available to companies was […]
Asset Protection
How Does a Series LLC Work? Take the example of electric scooter rental company Lime Scooters. A company like Lime Scooters could benefit from a Series LLC. It could group each of the 100 cities and college campuses worldwide that it services into 100 separate protected series under a Delaware Series LLC. Another approach could […]
Delaware Corporation
Delaware takes pride in being the leading state for business entity law. One of the advantages of Delaware is its responsive filing system, including Delaware’s team of state employees and network of commercial agents. Through DCIS, commercial agents located in Delaware who enter access contracts, complete training and pay access fees are able to incorporate […]