Watch Out For This Vulnerability When Forming A Florida LLC

By John Williams August 9, 2024

Most states do not limit a creditor of an LLC Member to a charging order. In fact, most states are not very friendly to creditor rights. That is why entrepreneurs should “forum shop” for the most business-friendly state when starting an LLC. It may be convenient to form a Florida LLC as a single owner, […]

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Why Solar Companies Should Form Delaware LLCs

By Matthew Dochnal May 28, 2024
solar energy

What Benefits Are There to Solar Companies Forming a Delaware LLC? Delaware LLCs provide real legal benefits to all types of businesses, including solar companies. Here are the top five benefits of Delaware LLCs for solar businesses: Benefit #1: Limited Liability Protection Delaware LLCs offer limited liability protection, which shields business owners’ personal assets from […]

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What Is A Holding Company?

By Matthew Dochnal May 17, 2024

What Is A Holding Company, Exactly? A holding company, also called a “parent company,” is a business entity used for the sole purpose of owning and managing other companies. The point of a holding company is to keep valuable company assets legally separated from daily business activities. Holding companies typically do not have any business […]

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Do Delaware LLCs Have To Pay Franchise Tax?

By Matthew Dochnal May 16, 2024
franchise tax

What Is The Delaware Franchise Tax, Again? The Delaware Franchise Tax is an annual requirement that all companies registered in Delaware have to complete. The State of Delaware requires every registered LLC to pay a flat fee of $300 each year to remain in good standing, regardless of business activity. The term “Franchise Tax” can […]

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Can A Green Card Holder Set Up A Delaware LLC?

By Matthew Dochnal May 10, 2024
United States green card

  How To Form A Delaware LLC As A Green Card Holder U.S. green card holders enjoy the same rights and privileges as US citizens when it comes to starting and operating businesses in the United States. The process of setting up a Delaware LLC is identical for green card holders and US citizens alike. […]

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What Does a Delaware Registered Agent Do, Exactly?

By Matthew Dochnal December 1, 2023
office building with multiple stories

  What Is a Registered Agent in Delaware? A Delaware Registered Agent is designated to receive legal notices on behalf of a Delaware LLC or corporation. A Delaware Registered Agent can be either a person or a company that has a physical address in Delaware. A Delaware Registered Agent’s primary role is to receive legal […]

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