"Daniel R. Reitman" <dreitman@spiritone.com> wrote:
Stuart Bronstein <spamtrap@lexregia.com> wrote:
Q1. Do I need to register my LLC in each state where I buy
real estate??
And, it should be noted, that if the various New England
statutes are anything like what they are in Oregon, failure to
register may result in loss of standing in local courts.
In California as well. But the worst thing here is that if your
company is sued, you then register and you're good to go.
But why Delaware? There's no need or reason for doing that.
As noted, Delaware LLC law does not have all of the same
advantages as Delaware corporate law, with the exception of a
court system that probably can adapt its experience with
corporate law. AFAIK, there has not yet emerged a leading
jurisdiction in LLC law. (Wyoming has the oldest statute, but,
needless to say, nowhere near a critical mass of LLCs.)
Are there benefits for closely held corporations in Delaware? My
understanding is that the primary (if not only) benefit is that the
laws allow the board of directors to have control over things that,
in most other states the shareholders must agree to.
Stu
