LLC Agreement Toolkit (DE)

by Practical Law Corporate & Securities

A Toolkit that provides a collection of continuously maintained resources to assist counsel with forming a limited liability company (LLC) in Delaware and drafting the company's LLC agreement. This Toolkit features a wide array of practical materials, including Practice Notes, Standard Documents, Standard Clauses, and Checklists, designed to guide users through the LLC formation process. The Toolkit includes a variety of standard LLC agreements for different situations, such as single-member, multi-member, and joint venture arrangements. The collection also contains specific standard clauses for complex, heavily negotiated provisions, including drag-along and tag-along rights, rights of first refusal, and deadlock or buy-sell provisions. Checklists and practice notes on topics like fiduciary duties and tax treatment support the drafting process.