Delaware Organizing your Personal Assets Package

It offers three big advantages for out-of-state businesses organized as Delaware LLCs:No sales tax if the LLC doesn't do business in the state. No tax on intangible income, like trademark royalties, making Delaware an excellent choice for holding companies that own intellectual property.

DeCarerra explains, For new businesses and particularly small businesses, I generally recommend they organize an LLC in their home state. Even if you organize in Delaware, you'll still need to pay fees in your home state to register as a foreign business authorized to do business in the state.

Articles of Organization. The Articles of Organization also called Certificate of Organization is the equivalent of the corporation's Articles of Incorporation. Operating Agreement. An Operating Agreement specifies the rights and duties of the Limited Liability Company members. Employee Identification Number.

An "organizer" is an individual who forms the LLC. A "member" can be a person or a legal entity (coporation, trust, another LLC, or partnership) that 1) has the right to participate in the management of the LLC, and/or 2) has the right...

Limited liability companies (LLCs) are common ways for real estate owners and developers to hold title to property.In other words, only an LLC member's equity investment is usually at risk, not his or her personal assets. However, this does not mean personal liability never exists for the LLC's debts and liabilities.

Organizers and registered agents are not one and the same. Organizers usually perform duties limited to the initial creation and filing of the LLC documents. They cannot share in the profits or responsibilities of the LLC unless they are members.

Limited liability companies (LLCs) are common ways for real estate owners and developers to hold title to property.In other words, only an LLC member's equity investment is usually at risk, not his or her personal assets. However, this does not mean personal liability never exists for the LLC's debts and liabilities.

The members are the owners of an LLC, like shareholders are the owners of a corporation. Members do not own the LLC's property. They may or may not manage the business and affairs. Initial members are admitted at the time of formation.