Carson City Startup Attorneys & Lawyers

Key Takeaways

• The Delaware LLC Act offers unmatched flexibility in governance, ownership, and structuring.
• Delaware LLCs are governed primarily by their operating agreements, not statutory default rules.
• The Act allows LLCs to customize fiduciary duties, management authority, and information rights.
• Series LLCs can provide asset protection and administrative efficiency.
• Information rights of members and managers can be limited or defined clearly in the operating agreement.

The Delaware LLC Act governs the limited liability company structure in Delaware. The structure is essentially a hybrid of the best features of both corporations and partnerships and the owners are called “members.” If you incorporate under the Delaware LLC Act, you do not need to have an operating agreement, though you may have an agreement that g

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Key Takeaways

• Intellectual property (IP) protection safeguards inventions, creative works, and branding elements through patents, trademarks, copyrights, and trade secrets.
• Strong IP protection helps businesses maintain a competitive edge, attract investors, and increase valuation.
• The World Trade Organization’s TRIPS Agreement sets international standards for IP enforcement and dispute resolution.
• IP protection can extend globally through international treaties like the Madrid Protocol (for trademarks) and the Patent Cooperation Treaty (for patents).
• Digital IP protection now includes cybersecurity and online enforcement tools to prevent infringement in e-commerce and

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Key Takeaways

• A rights offering lets existing shareholders buy additional shares, usually at a discount, before new investors.
• Companies use rights offerings to raise capital, reduce debt, or strengthen balance sheets without diluting current ownership.
• Rights may be transferable or non-transferable, and offerings can include oversubscription privileges for additional purchases.
• An insured (standby) rights offering uses an underwriter or backstop investor to guarantee all shares are sold.
• Downsides include potential negative market perception and ownership dilution if shareholders don’t participate.
• Rights

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