A Delaware Limited Partnership may determine it needs to convert to a Delaware LLC. Here’s how to convert your Delaware LP to an LLC.
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How to Convert an LP to an LLC
Posted by Meri_302 under LegalFrom https://www.delawareinc.com 2353 days ago
Can I Convert a Corporation to an LLC?
Posted by Meri_302 under LegalFrom https://www.delawareinc.com 2381 days ago
The LLC structure eliminates the formalities the corporation has, such as the Board of Directors, officers and shareholders as well as all the internal reporting requirements for each of those formalities, which makes an LLC very easy to operate and maintain.
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How to Convert Your LLC to a Corporation
Posted by Meri_302 under LegalFrom https://www.delawareinc.com 2400 days ago
The most common reason to change an LLC to a corporation is that the company needs to be able to issue shares of stock in order to bring on investors or raise venture capital.
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Disadvantages of a Sole Proprietorship
Posted by Meri_302 under StartupsFrom https://www.delawareinc.com 2423 days ago
A sole proprietorship has a lot more disadvantages than advantages. By incorporating as an LLC or corporation, you are legally separating your personal life from your business life. However, a sole proprietorship does not offer that kind of liability protection.
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What Is a Certificate of Incumbency?
Posted by Meri_302 under StartupsFrom https://www.delawareinc.com 2423 days ago
A Certificate of Incumbency outlines who holds which positions within a company; it is often used to confirm the identities of a company’s officers in order to prove they are sanctioned to be involved with legal transactions on behalf of the company.
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Adding or Removing a Member of an LLC
Posted by Meri_302 under LegalFrom https://www.delawareinc.com 2492 days ago
It is easy to amend an LLC’s Operating Agreement in order to add or remove a member of an LLC.
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LLC Transfer of Interests [with templates]
Posted by Meri_302 under StartupsFrom https://www.delawareinc.com 2528 days ago
The LLC Operating Agreement should outline if, when and how members can transfer their interest; membership transfers can be vetoed by the LLC’s owners.
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How to Add a Series to a Delaware Series LLC
Posted by Meri_302 under LegalFrom https://www.delawareinc.com 2528 days ago
Any Series LLC owner can add another series, swiftly and simply, by amending the Series LLC’s Operating Agreement.
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What Are a Corporate Secretary’s Responsibilities?
Posted by Meri_302 under StartupsFrom https://www.delawareinc.com 2571 days ago
Planning board meetings, keeping records of minutes and all corporate documents and training new members are only some of a corporate secretary’s duties.
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How Important is Corporate Indemnification?
Posted by Meri_302 under LegalFrom https://www.delawareinc.com 2589 days ago
Protecting founders, leaders and employees of a company from financial liability is integral to its success.
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