Historically, business incorporation required an act of legislature and signature of the governor, and would be limited to large enterprises. About 150 years ago, the laws were simplified to allow anyone to form a business with a filing and no act of the general assembly of a state legislature. Examples of Entities include an incorporated […]
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Real estate is passive and not a lightning rod that attracts liability. Real estate is also a large store of value. If the restaurant company holds title to the real estate, then you have taken a big risk that was easily avoidable. You should never let real estate be exposed to creditors of the business. […]
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If a business owner is personally sued and loses, the business owner’s LLC interest may be subject to attachment by the judgment creditor if the business was not formed as a Delaware LLC. A Delaware LLC is unlike the LLC of most states. By statute, a Delaware LLC limits the creditor to just a single […]
Continue Reading What Is An LLC Membership Certificate? LLC membership certificates look like stock certificates issued by a corporation, however, they do not function in the same way. The certificate lists the name of an LLC member and details their ownership interest in the company. The law does not require LLCs to issue membership certificates. This is […]
Continue Reading Maintenance, Fees, and Taxes Both Delaware and Wyoming have low filing fees, however in accordance with prices, Wyoming barely scratches by with a slightly lower filing fee. Wyoming’s minimum filing fee is $100. In contrast Delaware’s minimum filing fee is only $10 more at $110. With regards to initial filing fees, if you want a […]
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Why Do Business Owners Want to Pause an LLC? When business owners inquire about pausing an LLC, they typically refer to temporarily ceasing operations without permanently dissolving the entity to save on government and registered agent maintenance fees. The goal is often to avoid ongoing fees, annual reports, and compliance requirements while preserving the LLC, […]
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