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Questions tagged [delaware]

Questions concerning the laws, criminal justice system, civil court procedures and related topics specific to the state of Delaware.

-3 votes
1 answer
132 views

On Forming an LLC in a State with Greater Privacy Protection [closed]

I live in Virginia and plan on starting a small LLC publishing company. For privacy reasons, I would like to establish the LLC, in either Delaware or Wyoming which does not require the name nor the ...
Jethro's user avatar
  • 53
6 votes
1 answer
2k views

Who has the right to examine a will?

If a person is notified that they are named in a will and there is an asset they will inherit, would that person then have the right to examine the will if it's not already public information? The ...
Not_Einstein's user avatar
2 votes
1 answer
168 views

How much incentives do Delaware Registered Agents have to keep coproration owners' identities condifential?

Say Bob wants to create Acme Inc. in Delaware and keep it secret from the public who the owner/director is. He contracts Alice to be his registered agent, and she signs an NDA. Rob is desperate to ...
Greendrake's user avatar
  • 27.8k
7 votes
1 answer
4k views

Why was the Dominion v. Fox case tried in Delaware?

As reported, Fox News is sued in the Delaware courts by Dominion. What determines which state(s) the Dominion v. Fox case is tried?
gatorback's user avatar
  • 7,169
1 vote
1 answer
63 views

Is it normal to reverse transfer ownership during a funding round? [closed]

Delaware Corp (for jurisdiction) Got involved in an unfunded startup last year and we managed to strike pay dirt. I'm the engineering side of the equation. Got a request to return some of my shares ...
boatcoder's user avatar
  • 231
2 votes
1 answer
510 views

Can an Association or Society Be Formed as a For-Profit Company?

I'm part of a group of three people who have worked for a while in a specific business niche. We pooled our knowledge and contacts and realized that a lot of businesses could benefit from the ...
TortillaTester's user avatar
1 vote
0 answers
66 views

Is an LLC Membership Certificate Legally Binding?

I'm wondering if an LLC Membership Certificate that has been signed by the owner of the company and promises a certain amount of stake in the LLC is legally binding/would hold up in court if there was ...
Evan's user avatar
  • 111
1 vote
1 answer
78 views

Whose meaning prevails in a consumer contract of adhesion?

A consumer calls his bank and requests that his account be closed. The bank says that the account has been closed, and changes the status of the account such that the account can no longer be used to ...
Josh Johnson's user avatar
3 votes
1 answer
184 views

Who owns the company before the founders' shares vest (HBO's Silicon Valley plot point)?

In the HBO show Silicon Valley, an important plot point is when one investor fires the founder/CEO against everyone's objections. Originally, the founder gave 10% of the company to investor A (a ...
MWB's user avatar
  • 1,300
2 votes
1 answer
130 views

What prevents a business from separating the liability and revenue into two separate entities?

I know holding companies are a common way to separate the liability of business operations from the assets of a company, but is there any legal reason why businesses don't take this a step further? ...
wanderingmathematician's user avatar
0 votes
1 answer
1k views

Can I form an LLC without a primary office physical address, preferably in Washington or Delaware? [closed]

Can I form an LLC without a primary office physical address, preferably in Washington or Delaware? I am a "digit nomad": I am a US citizen but have no long-term physical address anywhere in ...
Bruno Rijsman's user avatar
1 vote
1 answer
201 views

Do you need approval from the FAA for amateur model rocket launches?

I'm building a model rocket that will probably go a maximum of 30km. Do I need special permission from the FAA to do this? I'm in Delaware, U.S.A., and this is a Class 1 Model Rocket. If I do, where ...
Blue Herring's user avatar
0 votes
1 answer
43 views

Do startups pay taxes on venture funds?

The corporate tax rate in Delaware is 8.7%. The federal corporate tax rate, which startups likely don't have the faculties to avoid paying, is 21%. If I'm a startup incorporated in Delaware, and I ...
TheEnvironmentalist's user avatar
1 vote
1 answer
49 views

Appraisal Rights in Chapter 11?

Assuming some number of shareholders believe that the bankruptcy process is inadequately compensating them (i.e. by setting the company valuation too low and thus giving creditors too much equity in a ...
Hellawyer's user avatar
9 votes
3 answers
4k views

How can a company compel a W2 employee to sign a non-compete agreement?

Assume the company is in Delaware and been taken over by a larger corporation: If one already has the job, is it possible to for the larger corporation to compel existing employees to sign non-compete ...
gatorback's user avatar
  • 7,169

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