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Yes, Delawares LLC law requires all Delaware LLCs to have an Operating Agreement in some form. The law states that an LLC Operating Agreement can be written, oral, or implied between the members.
An authorized person would be the person hired to set up the LLC. This is often an attorney or could also be the registered agent listed on the Certificate of Formation. Although an annual LLC tax, which is in the amount of $300, must be paid each year by the first day of June, the tax can be filed and paid online.
18-215. Series of members, managers, limited liability company interests or assets. (a) A limited liability company agreement may establish or provide for the establishment of 1 or more designated series of members, managers, limited liability company interests or assets.
Section 265 - Conversion of other entities to a domestic corporation (a) As used in this section, the term other entity means a limited liability company, statutory trust, business trust or association, real estate investment trust, common-law trust or any other unincorporated business including a partnership (
The DLLC Act provides that no member or manager is liable personally for any debt, obligation, or liability of a DLLC solely by virtue of such partys status as a member or manager.
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The Delaware limited liability company (LLC) is a type of business entity created and regulated under the Delaware LLC Act. The LLC is a hybrid between a corporation and a partnership that allows for management and ownership to be structured in a manner to cut through bureaucracy.
It says that a Delaware LLC can establish, in its LLC agreement, series of members, managers, LLC interests, or assets. Each series can have its own rights, powers, or duties with respect to specified property or obligations of the LLC, or profits and losses associated with specified property or obligations.
A Delaware LLC is a business vehicle with a legal existence separate and distinct from its owners. The owners and managers of a Delaware LLC are not personally liable for the companys debts and obligations. A Delaware LLC has the ability to be treated as a pass-through entity for tax purposes.

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