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Also known as articles of merger. A certificate evidencing the merger of two or more entities into one entity.
A merger is an agreement that unites two existing companies into one new company. There are several types of mergers and also several reasons why companies complete mergers. Mergers and acquisitions (M&A) are commonly done to expand a company's reach, expand into new segments, or gain market share.
A Delaware LLC exists as a separate legal entity from its members, creating a shield that insulates the owners from individual liability beyond their investment for the LLC's financial obligations. Unlike a corporation, the protection in a LLC also runs in reverse.
A Certificate of Merger is a legal document that is required in most states. The Certificate recites the terms of the deal between the companies and specifically describes the transaction and its effects on the debts, liabilities, properties and rights of the combined company.
A merger is considered horizontal if the two companies already offer the same products or services. Horizontal mergers help companies reduce competition and dominate the market. For example, gas giant Exxon combined with gas giant Mobil back in 1998 to form ExxonMobil.
member LLC can be either a corporation or a singlemember ?disregarded entity.? To be treated as a corporation, the singlemember LLC has to file IRS Form 8832 and elect to be classified as a corporation.
Merger Documents means the collective reference to the Merger Agreement, all material exhibits and schedules thereto and all agreements expressly contemplated thereby.
Changes can be made at any time throughout the life of the entity. For example, if you want to convert a Delaware Limited Liability Company (LLC) to a General Corporation, you can. There are many reasons why owners of an LLC may choose to change the entity to a corporation.
General partners of a limited partnership may be in the form of another person or company. As a separate legal entity, limited partnership's may own property, sue, and be sued.
What is a Delaware Limited Partnership? Delaware Limited Partnerships (DLPs) are a type of business entity in the United States. They are formed by filing a certificate of limited partnership with the Delaware Secretary of State. DLPs have two types of partners: general partners and limited partners.