LLC

  As a business owner or entrepreneur, you may have seen the term “holding company” before. Holding companies are a type of legal structure used by businesses across many different industries. If done right, a holding company can provide unique legal protections that cannot be achieved with just one business entity. Many well-known corporations use […]

  What Does “Void” Mean for a Delaware LLC or Corporation? A Delaware business entity, such as an LLC or corporation, can become “void”. This happens when the state of Delaware cancels the company. When a company is canceled by the state, it loses its “good standing” status. A void company also loses its limited […]

  What are the Immediate Next Steps After Forming a Delaware LLC? After successfully registering your Delaware LLC, there are several important steps to take in order to establish and operate your business effectively. Here is our complete checklist of what you should do after forming your Delaware LLC. Prepare and Sign an LLC Operating […]

Mistake #1: Not Completing and Signing the Operating Agreement. A Delaware LLC should have a written LLC Operating Agreement signed by all of the LLC Members. Some Delaware LLC owners may forget to complete and sign their LLC Operating Agreement. The LLC Operating Agreement is an important document that establishes the organization and management of […]

  Can a Delaware LLC Do Business in Florida? Yes, a Delaware LLC can do business in Florida. However, you’ll need to do something called foreign qualification first. In business, foreign qualification is the process a company goes through to register to do business in another state. When Does a Delaware LLC Need to Register […]

  Does a Delaware LLC Need to Register in New York? First, let’s discuss when a Delaware LLC needs to register as a foreign entity in New York. To put it simply, if your Delaware LLC is going to do business or have a physical presence in New York, you will need to complete a […]