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1. What Is an LLC? Limited Liability Company Structure and ... - Investopedia
Link: https://www.investopedia.com/terms/l/llc.asp
Description: WebMar 21, 2024 · The limited liability company (LLC) is a corporate structure that protects its owners from being personally pursued for repayment of the company's debts or...
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2. Delaware Code Online
Link: https://delcode.delaware.gov/title6/c018/
Description: WebLIMITED LIABILITY COMPANY ACT. Subchapter I. General Provisions. Subchapter II. Formation; Certificate of Formation. Subchapter III. Members. Subchapter IV. Managers. Subchapter V. Finance. Subchapter VI. Distributions and Resignation. Subchapter VII. Assignment of Limited Liability Company Interests. Subchapter VIII. Dissolution. …
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3. An Overview of the Delaware Limited Liability Company Act
Link: https://www.morrisjames.com/newsroom-articles-Overview-of-the-Delaware-LLC-Act.html
Description: WebThe DLLC Act. Delaware’s reputation as the premier jurisdiction for corporate entities is well known. In recent years, however, Delaware has also emerged as a leader in providing cutting-edge alternatives to the traditional corporate form.
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4. 6 Delaware Code Chapter 18 (2023) - LIMITED LIABILITY COMPANY ACT
Link: https://law.justia.com/codes/delaware/title-6/chapter-18/
Description: WebJustia › US Law › US Codes and Statutes › Delaware Code › 2023 Delaware Code › Title 6 - Commerce and Trade › Chapter 18. LIMITED LIABILITY COMPANY ACT. Go to previous versions of this Chapter. 2023 Delaware Code.
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5. Delaware Code Online
Link: https://delcode.delaware.gov/title6/c018/sc01/index.html
Description: WebCHAPTER 18. Limited Liability Company Act. Subchapter I. General Provisions. § 18-101. Definitions. As used in this chapter unless the context otherwise requires: (1) “Bankruptcy” means an event that causes a person to cease to be …
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6. What is an LLC? Limited liability company definition | LegalZoom
Link: https://www.legalzoom.com/articles/what-is-a-limited-liability-company-llc
Description: WebMar 21, 2024 · A limited liability company is a business designation that relieves its owners of personal responsibility for their company's debts and liabilities while also allowing them to avoid the double taxation often associated with corporations. Instead, the responsibility falls on the LLC, meaning the firm is its legal entity.
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7. Limited Liability Limited - American Bar Association
Link: https://www.americanbar.org/groups/business_law/resources/business-law-today/2019-september/limited-liability-limited/
Description: WebAug 28, 2019 · But, per a decision of the 11th Circuit: “The limited liability company (LLC) is a…hybrid form of business entity that combines the liability shield of a corporation with the federal tax classification of a partnership.”. The liability shield follows ineluctably from an entity’s status as a legal person separate and distinct from each ...
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8. 6 Delaware Code § 18-101 (2023) - Definitions. - Justia Law
Link: https://law.justia.com/codes/delaware/title-6/chapter-18/subchapter-i/section-18-101/
Description: WebLIMITED LIABILITY COMPANY ACT. Subchapter I. General Provisions. § 18-101. Definitions. Universal Citation: 6 DE Code § 18-101 (2023) Next. §§ 18-101. Definitions. As used in this chapter unless the context otherwise requires: (1) “Bankruptcy” means an event that causes a person to cease to be a member as provided in § 18-304 of this title.
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9. Key Updates to 2023 Delaware Business Entity Laws Take
Link: https://www.lexisnexis.com/community/insights/legal/law-books/b/law-books/posts/key-updates-to-2023-delaware-business-entity-laws-take-effect-csc-explains
Description: WebTo learn more about Delaware Laws Governing Business Entities Annotated, Voss on Delaware Contract Law, and Symonds & O’Toole on Delaware Limited Liability Companies, call 1.800.533.1637 or visit us online at www.lexisnexis.com/csc. [1] The bill amending the Delaware UCC was signed on August 18, 2023, after the Fall 2023 Edition …
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10. Delaware Code Online
Link: https://delcode.delaware.gov/title6/c018/sc04/index.html
Description: Web68 Del. Laws, c. 434, § 1 ; 70 Del. Laws, c. 186, § 1 ; § 18-404. Classes and voting. (a) A limited liability company agreement may provide for classes or groups of managers having such relative rights, powers and duties as the limited liability company agreement may provide, and may make provision for the future creation in the manner ...
