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Delaware Series LLC What Is a Series LLC Operating Agreement? The Series LLC Operating Agreement is a private contract between the members of a Series LLC and the one or more members associated with each protected series. This is an internal document that is not filed with the state of formation. The primary function of the Operating Agreement […]
Delaware Series LLC What Is Captive Insurance? Insurance captives are complex entities that allow a group of companies to insure themselves against their own business risk. Captive insurance is different from commercial insurance where companies simply buy into a fund pool. Policyholders in an insurance captive wholly own the insurance company. Policyholders can exercise control over the insurer’s […]
Delaware Series LLC 1. Multiple DBAs What Is a DBA? A DBA (“Doing Business As”) is a trade name that an LLC or corporation can use other than its formal corporate name. For example, Agents and Corporations, Inc. trades under the name “IncNow.” A DBA is also referred to as a “fictitious name.” DBAs are useful because they […]
Delaware Series 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 […]
Delaware Series LLC 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. […]