delaware-llcMore Delaware limited liability companies are formed each year than any other Delaware business entity. Delaware LLCs offer owners and managers broad contractual flexibility, protection from personal liability, and the certainty of a market-tested statute.

To help you better understand Delaware LLC law, CSC®Publishing and partner LexisNexis have released Symonds & O’Toole on Delaware Limited Liability Companies, Second Edition, a newly updated treatise considered the authoritative work on Delaware LLC law.

This comprehensive resource—referred to in a Delaware Court of Chancery decision as “the leading Delaware LLC treatise”—includes discussion of the Delaware Limited Liability Company Act and related case law, legal analysis and practice recommendations, and appendices that contain the current Delaware LLC Act, historical versions of the statute, legislative history, and up-to-date forms. Topics include:

  • Forming and organizing an LLC
  • Financing an LLC
  • Drafting an LLC agreement
  • Members and managers
  • Ownership, voting and LLC interests
  • Indemnification, exculpation and other liability protections
  • Fiduciary duties
  • Series LLCs
  • Creditors’ rights, protections and remedies
  • Mergers, conversions and other fundamental transactions
  • Dissolution, winding up and termination of the LLC

The treatise provides workable solutions for even the most complex transactions, and practical insight into case law interpreting the statute, to help you provide the best possible representation and advice to clients looking to make the most of their Delaware LLCs.

Authors Robert L. Symonds, Jr. and Matthew J. O’Toole, are partners at Potter Anderson & Corroon LLP in Wilmington Delaware. Mr. Symonds is one of the original drafters of the Delaware Limited Liability Company Act. He is a former chairman and along with Mr. O’Toole is a long-time member of the Delaware State Bar Association committee responsible for proposing amendments to that statute and to Delaware’s limited partnership and general partnership laws.

Mr. O’Toole and Mr. Symonds have testified before the Delaware General Assembly on proposed statutory amendments. Mr. O’Toole is chairman of the Council of the Corporation Law Section of the Delaware State Bar Association, which monitors and proposes amendments to the General Corporation Law of the State of Delaware. Mr. Symonds is a member of the Delaware State Bar Association’s committee charged with reviewing and proposing amendments to the Delaware Statutory Trust Act.

The treatise can be purchased as a hardbound book (binder with inserts), as an ebook, and is also available online on LexisAdvance. Yearly updates ensure that you stay on top of developments in Delaware LLC law.

To learn more about Symonds & O’Toole on Delaware Limited Liability Companies, call 1.800.533.1637 or visit us online at www.lexisnexis.com/csc.

Essential LLC resource now available from CSC®Publishing