LLC

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 […]

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. […]

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 […]

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 […]

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 […]

What Is a 501(c)3 Organization? 501(c)3 is an IRS code section that defines what qualifies as a tax exempt organization under federal law. To receive a tax determination letter from the IRS, approving the 501(c)3 status, a non-stock corporation must submit a Form 1023 or Form 1023-EZ application with the Internal Revenue Service (IRS). A […]