Glossary Terms

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Offshore Financial Centre

A jurisdiction that provides investors with legal frameworks for protecting their personal assets. Delaware is the best Offshore Financial Centre, and with its guarantee of privact, and flexible LLC structure.

Operating Agreement

The private, flexible contract between Members of an LLC that governs the creation, management, and daily affairs of the LLC.

Organizer

An individual or entity that organizes an LLC on behalf of a client by filing the necessary formation documents with the Secretary of State and returning them to the client. Normally, the organizer is the LLCs registered agent.

 

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Disclaimer

Harvard Business Services, Inc. is a document filing service that provides general information. We can not render legal or financial advice and your use of this site is subject to additional terms and conditions. HBS is not affiliated with Harvard University.