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Top Questions and Answers
In Delaware, a limited partnership can own assets and property, and take out loans as well as enter into contracts. There are also tax benefits to having a limited partnership in Delaware, as the entity is taxed in a transparent manner because it's not based on individual legal personalities.
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(a) In order to form a limited liability company, 1 or more authorized persons must execute a certificate of formation. LLC Operating Agreements serve as the governing document for Limited Liability Companies. (8.5"x11"), without cutting off the bottom three inches. To create a Series LLC in Delaware, you must submit a Certificate of Formation to the Delaware Secretary of State's Division of Corporations. CorpNet makes it fast and easy for you to form an LLC in Delaware. We get a lot of questions about what exactly the series LLC is. In this guide, we talk about a Delaware series LLC and how to form one. This Standard Document has integrated notes and drafting tips. Note: It is possible for an LLC (as well as a corporation) to lose its limited liability. Changed type of organization (specify new type).
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