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22 Feb 2012, 9:40 am
While the LLC is relatively new in comparison to the corporation, start-ups more often choose the LLC when forming their business. [read post]
25 Apr 2017, 9:24 am
For example, a corporation (its legal identity) will be given a corporation tax designation like C-corporation or S-corporation (its tax identity). [read post]
13 Sep 2021, 2:00 pm
Is an LLC a Corporation? [read post]
20 Dec 2012, 1:17 pm
This article is not a legal advice, and was written for general informational purposes only. [read post]
19 Oct 2018, 7:53 am
Delaware Has a Favorable Legal Climate for LLCs Outside of state legislature, the fair legal climate is nurtured in Delaware courts that attract businesses with predictability and well-reasoned decisions. [read post]
20 Aug 2010, 9:42 am
Second, the corporate veil may be pierced where one forms a corporation or LLC for the purpose of insulating personal assets, insulating the assets of another business or for some other unjust purpose. [read post]
2 Feb 2022, 1:37 pm
One important reason is that it affects the ways you are legally allowed to pay yourself as the owner of an LLC. [read post]
26 Feb 2014, 10:00 pm
Since 1993, Gelbmann & Associates, LLC, is a consulting practice serving the legal services industry. [read post]
7 Jan 2010, 6:49 am
The corporate veil is pierced in that case because the corporation is the legal alter-ego of the controlling owner. [read post]
15 Jul 2013, 12:58 pm
Never mind that we can form corporations and LLCs usually the same day by email in Delaware (with no extra fees). [read post]
12 Aug 2015, 1:57 pm
Both corporations and LLCs provide their shareholders/members with liability against corporate liabilities. [read post]
16 Mar 2012, 9:50 am
A shareholder (or LLC member) may also be liable for the corporation or LLC's obligations under the common law "alter ego" doctrine (called 'piercing the corporate veil'). [read post]
23 Nov 2010, 8:10 am
The New York Limited Liability Company (LLC) is a hybrid business entity which combines the best features of partnerships with corporations. [read post]
6 Mar 2019, 2:24 pm
The post Delaware Courts and Legal Ethics appeared first on Delaware Corporate & Commercial Litigation Blog. [read post]
29 Oct 2018, 9:48 am
The business owners may try to avoid personal liability by structuring their companies as LLCs or corporations. [read post]
31 Oct 2011, 3:09 pm
However, the owner(s) of an LLC, whether the LLC has a single member or multiple members, may choose to have their LLC taxed as a corporation. [read post]
9 Apr 2008, 7:43 am
Professor Ribstein cites to articles he has written on the topic of LLCs not being subject to the same corporate governance structure as corporations--including materials he presented at an symposium at which the author of the instant Chancery Court decision was also participating.Here is a money quote from the letter decision of April 3:Delaware does not impose a legal requirement on LLCs to draft their bylaws to be consistent with… [read post]
15 Feb 2024, 6:14 pm
It is also not enough to claim that an LLC was organized under a specific state’s laws, maintains its principal place of business in a certain state, or that an LLC has a parent corporation. [read post]
10 Sep 2009, 9:10 am
The idea that LLCs or corporations actually exist as these individual "things," distinguishable from their owners, is a legal fiction developed out of economic consierations. [read post]
23 May 2022, 4:04 pm
To date, no new Non-Profit has approached her seeking a legal battle, just to become a Non-Profit LLC. [read post]
