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A limited liability company agreement is a private contract between the members. It is not a public document. Therefore, under the DLLC Act the identity of a DLLC's members and managers, and the terms of their relationships, can remain confidential. The DLLC Act does not specify any minimum capital investment.
A Delaware LLC Operating Agreement sets forth the terms governing the limited liability company, its interests, activities, management and provisions governing the rights and obligations of its members.
Can I Be My Own Delaware Registered Agent? An individual and entity can act as their own Delaware Registered Agent for their business if they have a physical street address in the State of Delaware.
The Delaware limited liability company (?LLC?) is a type of business entity created and regulated under the Delaware LLC Act. The LLC is a hybrid between a corporation and a partnership that allows for management and ownership to be structured in a manner to cut through bureaucracy.
How much does a Registered Agent cost in Delaware? If you (or a friend or family member) will be your Registered Agent, there is no cost. If you want to hire one of the Registered Agent Services available in Delaware, it will cost between $100 and $300 per year.
Delaware does NOT require an operating agreement. However, it is highly recommended to have a LLC operating agreement even if you are only a single member LLC. The state of Delaware recognizes operating agreements and governing documents.
Your Delaware LLC operating agreement is a legal document that outlines important operating procedures for your company, like voting, membership interest, allocating profits and losses, management structure, and?if it ever comes to this?dissolution.
§ 131. Registered office in State; principal office or place of business in State. (a) Every corporation shall have and maintain in this State a registered office which may, but need not be, the same as its place of business.