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One or more corporations of Delaware can consolidate or merge with one or more limited liability companies in the state of Delaware or elsewhere in the United States.
A Delaware LLC merger happens when business agreements combine multiple entities into one sole entity. The LLC series isn't considered a separate entity ing to Delaware state laws.
Typically, in a short-form merger, only the parent's board of directors has to approve the plan of merger. The subsidiary's board does not have to approve. In addition, neither the parent's shareholders nor the subsidiary's shareholders have to approve of the plan.
Short-Form Merger: A merger between a parent and a subsidiary (at least 90% owned by the parent) which can be accomplished without shareholder approval.
Short-form merger The short form is a type of ?friendly? merger that can be used to combine two LLCs in Delaware. The state of Delaware also approved the consolidation of a Delaware non-corporate entity as the parent and a subsidiary in which the parent accounts for a minimum of 90% outstanding shares per stock class.
Also known as a medium-form merger or a Section 251(h) merger, an intermediate-form merger is a special type of merger permitted by Section 251(h) of the Delaware General Corporation Law (DGCL) for acquisitions of target companies that are Delaware public corporations that allows a buyer in a tender offer to complete a ...
CL-1 The Initial Annual Report of Corporations. This form is filed with the South Carolina Department of Revenue. $25.00.
For Domestic Corporations: Agency:South Carolina Secretary of State - Division of Business FilingsForm:Domestic Corporation - Articles of MergerAgency Fee:$110