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Even the use of a single member LLC affords greater protection for the assets of the member, as compared to operating as an unincorporated entity. [ 19 ] Effective August 1, 2013, the Delaware Limited Liability Company Act provides that the managers and controlling members of a Delaware-domiciled limited liability company owe fiduciary duties ...
As an entity that was created within the boundaries of Delaware and is written into the Delaware state charter, Title 12 Chapter 38, there is no question as to where the state stands on the backing of the Delaware statutory trust. [11] Limited liability is offered for DSTs, affording each trustee the benefit of personal asset protection.
The Delaware College of Art and Design is the state's smallest institution of higher learning with an enrollment of 111. [3] Wilmington University is Delaware's largest private post-secondary institution, with an enrollment of 19,295. [3] Delaware has two land-grant universities: Delaware State University and the University of Delaware. [4]
Delaware's economy shifted to a manufacturing base in the late 19th century, led by the transformation of the DuPont Company. [1] Modern growth in the financial workforce has overtaken the manufacturing sector in the state's economy. The Delaware General Corporation Law provides a flexible and stable framework for national incorporation. [2]
Must be a resident of Delaware and planning/are to be a full time student. [1] Must not have been convicted of any felony. [1] Have already applied for other forms of financial aid. [1] Must have graduated from a Delaware High School and have obtained a 2.5 GPA in high school (on a 4.0 scale). [1]
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With an initial investment by Nowland, Ward, and another friend, Willard Jackson, The Delaware Incorporators’ Trust Company was created. [3] A similar company was formed separately by Josiah P. Marvel, an attorney and then-leader of the American Bar Association, The Delaware Bar Association, and the Delaware State Chamber of Commerce. [4]
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