Dublin Startup Attorneys & Lawyers

What Is a Delaware LLC?

A Delaware LLC, or limited liability company, is a type of business entity created by filing the Certificate of Formation with the Delaware Secretary of State. It creates a legal existence separate from its owners. Owners and managers are not personally liable for any of the company's debts.

A contract drafted by the company's members called the Operating Agreement outlines the structure of a Delaware LLC and the rules that govern the members, or owners, of the LLC. The Operating Agreement is legally binding and enforceable by every person that signs it. The members are free to organize the company however they see fit. The can create their own terms for governing, operating, and overseeing their LLC.

The first Del

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Updated June 26, 2020:

To start a transportation business, you will need to decide which type of business you intend to create. Options include: a taxi service, bike rental, limousine service, owner/operator trucking, moving company, specialized transportation service, livestock transportation, transporting boats, air transport, marine shipping, medical transport or services for seniors. The type of company you use to establish should be determined based, among other things, on the need and competition in the area you decide to work in. Once you figure out what you want to transport,you'll need to build a plan to establish how you are going to provide these services.

Determine What Kind of Business You Want

Do you want to run a sole proprietorship,

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If you intend to start a business within the City of Las Vegas you are going to need a business license. Here’s a look at what you will need to do to get yours.

If you need help with the business license application process, or for any other issue related to your new business, consulting with an experienced business attorney is always highly recommended.

Decide Where Your Business Will Be Located

The specific location of your primary place of business determines the jurisdiction where you will obtain your business license. There are six jurisdictions within Clark County -- the City of Las Vegas, the City of North Las Vegas, the City of Henderson, Boulder City, the City of Mesquite, and Unincorporated Clark County. Keep in mind that there are many areas of Las Vegas valley with Las Vegas mailing addresses that are not

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Updated October 28, 2020:

What Is Carried Interest?

Carried interest, also known as carry, is a share in the profits that general partners receive in compensation for the management of a venture capital fund. These profits can be long-term gains, dividends, short-term gains, or interest and a total of 20 to 25 percent of the fund's profits. However, general partners aren't required to invest their own money. Instead, these funds are intended as motivation for a general partner that is only available at the sale of the fund.

The best way to picture carried interest is through an example. Imagine you give a friend $100 to put on roulette when they go to Vegas, and they win $200. If you agreed to a 20 percent cut for your friend, you'll pay $20 on the interest. This is how carried interest

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