Choice of LLC Act

BERMUDA LLCS

It can sometimes be useful to LLC formation clients to form “off-shore” (i.e., non-U.S.) LLCs.  This may be the case, for example, if a majority of the members are not U.S. citizens or U.S. residents and you want to protect them from U.S. taxes.  As I stated in a post to this group a few […]

CAYMAN ISLANDS LLC ACT

As I have written previously in this blog, the Cayman Islands recently passed a new LLC act that is essentially identical to the Delaware Limited Liability Company Act.  Under Caymans law, the Caymans courts will probably apply Delaware case law in interpreting the Caymans LLC Act, including the great freedom-of-contract Delaware Supreme Court case called […]