Civic Groups Call for Investigation of Delaware LLC Law - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Civic Groups Call for Investigation of Delaware LLC Law

Posted: Aug 07, 2018 8:35 AM Updated:

DOVER, Del. (AP)- Civic groups in Delaware are pushing for the reform of the state's popular system for limited liability companies.           

The Delaware Coalition for Open Government was joined by several other groups in asking Attorney General Matt Denn to appoint an independent counsel Monday.           

The independent counsel would identify weaknesses in the Delaware Limited Liability Company Act, which the petition says allows LLCs to serve "as fronts to commit crimes." Unlike other states, Delaware doesn't require disclosing beneficial ownership information, so owners' identities are often unclear.           

Delaware's absentee companies have made news recently. Backpage.com employees were hit with a 93-count indictment in April. And the October federal indictment of Paul Manafort and Rick Gates mentioned nine Delaware corporations and LLCs that helped shield payments from Ukraine.           

Denn's spokesman says the request "will be considered."

  • Delaware News</span><div style="float:right"><a href="/global/Category.asp?C=185255">More &gt;&gt;</a></div><span>Delaware NewsMore>>

  • Commission Approves Delaware Memorial Bridge Toll Increase

    Commission Approves Delaware Memorial Bridge Toll Increase

    Wednesday, February 20 2019 11:41 AM EST2019-02-20 16:41:27 GMT
    Wednesday, February 20 2019 11:58 AM EST2019-02-20 16:58:05 GMT
    The Delaware River and Bay Authority Commission approved a revised version of the Delaware Memorial Bridge toll schedule at the bi-state agency’s monthly meeting held Wednesday.More
    The Delaware River and Bay Authority Commission approved a revised version of the Delaware Memorial Bridge toll schedule at the bi-state agency’s monthly meeting held Wednesday.More
  • UPDATED: Stabbing in Lincoln Ends in Apparent Suicide

    UPDATED: Stabbing in Lincoln Ends in Apparent Suicide

    Sunday, February 17 2019 4:02 PM EST2019-02-17 21:02:24 GMT
    Wednesday, February 20 2019 8:13 AM EST2019-02-20 13:13:21 GMT
    State Police say a Delaware man died of an apparent suicide after a domestic incident in which he stabbed his wife.More
    State Police say a Delaware man died of an apparent suicide after a domestic incident in which he stabbed his wife.More
  • 19th Century African American Cemetery Found Near Frankford

    19th Century African American Cemetery Found Near Frankford

    Tuesday, February 19 2019 11:17 PM EST2019-02-20 04:17:30 GMT
    Wednesday, February 20 2019 5:31 AM EST2019-02-20 10:31:06 GMT
    Archaeologists working on a property near Frankford, Del. have uncovered what they believe to be an old African-American cemetery after neighbors directed them to Hall Plantation, which sits right off of Central Avenue.More
    Archaeologists working on a property near Frankford, Del. have uncovered what they believe to be an old African-American cemetery after neighbors directed them to Hall Plantation, which sits right off of Central Avenue. More
Powered by Frankly

All content © Copyright 2000 - 2019 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices