Incorporation Specialist Blog

Delaware has become the preferred state to use for the LLC especially for large commercial deals. This is because of the Delaware flexibility when designing the agreement (something known as “freedom of contract”) and predictability to make sure it performs in stressful situations, like lawsuits. When a driver turns the wheel on a NASCAR stock […]

While disparate owners are possible, we recommend that the series LLC be restricted to one set of owners. Mixing and matching owners can create a recipe for jealousy and suspicion of the people running this business venture, especially when the member of one series sees his or her series failing and others succeeding under the […]

So what are bylaws? The bylaws provide the mechanics of how the stockholders elect the directors, and the directors appoint the officers and how the officers run the company. (The bylaws DO NOT govern the rights of stockholders to transfer their shares, instead that would be a separate document, called a shareholder agreement – more […]