Delaware LLC

Which decisions are made by or require ratification by the members by simple majority (> 50%), supermajority (≥ 75%) or unanimous decision (100%)? Below is a list of some powers to consider addressing in your Delaware LLC Operating Agreement to determine who has the authority to engage in certain “big deal” transactions: Acquiring or selling […]

LLCs are useful vehicles in several different areas of law, including commercial real estate finance, yet the best practices for drafting LLC operating agreements are unfamiliar to attorneys who are not involved in what is “under the hood” of the LLC. What provisions are included in, or left out of an operating agreement lay out […]

According to the US Copyright Office, “Copyright protects original authorship fixed in tangible form.” This means that once filed, a copyright gives the claimant the exclusive right to publish, distribute and reproduce specific text, artwork, music, audio/visual material, etc. A person or company can only hold copyright to something if it is in a recorded […]

What is a Communications Contact for a Delaware LLC? Before these 2014 amendments, legislation passed in 2007 that stated every Delaware LLC must provide to its commercial registered agent, the name and contact information of “a natural person who is a member, manager, officer, employee or designated agent of the limited liability company”¹ who is […]