About LLCs

The LLC is the most popular type of Delaware business formation. In these blogs, we examine all aspects of LLCs, including LLC Operating Agreements.

LLC Transfer of Interests By Brett Melson Monday, September 30, 2024 transfer interests in an llcIn Delaware, the LLC Operating Agreement spells out all conditions of future sales or transfers. Traditionally, the LLC Operating agreement is amended internally within the LLC only... Read More
Converting an LLC to a Series LLC By Brett Melson Monday, September 23, 2024 Series LLCIt's possible to convert an LLC to a series LLC. Here's how the process works & when/why you should consider this change. | File a Delaware LLC today... Read More
Operating Multiple Businesses Under One LLC By HBS Monday, September 16, 2024 Can I operate multiple businesses under one LLC?It is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Business As") to operate an additional business under a different name... Read More
Managing Ownership Changes for Your Delaware LLC By Brett Melson Tuesday, August 6, 2024 change of ownership for an llcChange of ownership for an LLC can be complicated and requires costly amendments in most U.S. states. However, not in the state of Delaware. Unlike other states, Delaware requires very little information to be made public in order to form an LLC... Read More
Delaware LLC Ownership Units By Andrew Millman Monday, July 15, 2024 Delaware LLC Ownership UnitsOne of the key components of the Delaware LLC that makes it so popular is that the ownership, membership, management and operations of the LLC are all handled internally, via the LLC Operating Agreement... Read More
What Does an LLC Operating Agreement Do? By Andrew Millman Tuesday, July 9, 2024 An LLC Operating Agreement covers many aspects of the LLCs structure, including ownership, membership, management, day-to-day responsibilities and more. Learn more about this important document and what aspects of the LLC it governs... Read More
LLC Tax Status Options By Brett Melson Monday, July 1, 2024 LLC TaxAn LLC offers the limited liability of a corporation and flexible taxation. To file and form both an LLC requires little to no personal information, and Harvard Business Services makes the process simple and convenient. In this article, learn about LLC taxation options including: Disregarded Entity Status, the Partnership Tax, and S-Corp Election.. Read More
Preserving Family Business Ownership with a Delaware LLC By Brett Melson Monday, May 13, 2024 llc operating agreement for a family businessA Delaware LLC can be very flexible when it comes to preserving ownership in the family business you've worked so hard to create. In fact, an LLC has the potential to preserve ownership for future decades... Read More
LLC Change of Ownership Checklist By Brett Melson Tuesday, April 23, 2024 LLC ownership checklist changeMembers of an LLC may change the LLC’s ownership and the terms governing its management and operation by amending its operating agreement. Here are five parties you’ll want to inform when you do so to avoid putting your company at any undue risk... Read More
Delaware Timetable for Canceling Your LLC By HBS Monday, February 19, 2024 Steps to closing your LLCIf you have stopped using one of your LLCs and it’s time to close it, here is the Delaware timetable. Whether the company didn’t turn out as planned or you feel the company has run its course and it’s time to shut down, Harvard Business Services, Inc. is here to assist with any cancellation needs... Read More