Delaware Series LLC
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 […]
Delaware Series LLC
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 […]
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 […]