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."

  • Business NewsMore>>

  • Target to Hire 130,000 for Holidays, up 4% From Last Year

    Target to Hire 130,000 for Holidays, up 4% From Last Year

    Tuesday, September 10 2019 8:18 AM EDT2019-09-10 12:18:39 GMT
    Tuesday, September 10 2019 10:14 AM EDT2019-09-10 14:14:28 GMT
    (Photo: AP)(Photo: AP)
    (Photo: AP)(Photo: AP)
    Target plans to hire more than 130,000 people for the busy holiday shopping season, a 4% increase from a year ago.More
    Target plans to hire more than 130,000 people for the busy holiday shopping season, a 4% increase from a year ago.           More
  • Ram Adds 693K Pickups in US to Recall for Tailgate Problem

    Ram Adds 693K Pickups in US to Recall for Tailgate Problem

    Monday, September 9 2019 2:13 PM EDT2019-09-09 18:13:52 GMT
    Monday, September 9 2019 2:13 PM EDT2019-09-09 18:13:52 GMT
    (Photo: MGN Online)(Photo: MGN Online)
    (Photo: MGN Online)(Photo: MGN Online)
    Fiat Chrysler is adding more than 693,000 Ram pickups in the U.S. to a series of recalls to fix tailgates that can open unexpectedly.More
    Fiat Chrysler is adding more than 693,000 Ram pickups in the U.S. to a series of recalls to fix tailgates that can open unexpectedly.           More
  • US Added a Modest 130,000 Jobs in August Amid Trade War

    US Added a Modest 130,000 Jobs in August Amid Trade War

    Friday, September 6 2019 9:39 AM EDT2019-09-06 13:39:45 GMT
    Friday, September 6 2019 9:39 AM EDT2019-09-06 13:39:45 GMT
    (Photo: AP)(Photo: AP)
    (Photo: AP)(Photo: AP)
    U.S. employers added a modest 130,000 jobs in August, a sign that hiring in the United States has slowed but remains durable in the face of global economic weakness and President Donald Trump's trade war with China.More
    U.S. employers added a modest 130,000 jobs in August, a sign that hiring in the United States has slowed but remains durable in the face of global economic weakness and President Donald Trump's trade war with China.          More
  • Most Popular StoriesMost Popular StoriesMore>>

  • Smyrna Police Examine Whether Remains Found at Softball Field Match Missing Child Cases Outside Town

    Smyrna Police Examine Whether Remains Found at Softball Field Match Missing Child Cases Outside Town

    Monday, September 16 2019 7:17 PM EDT2019-09-16 23:17:58 GMT
    Tuesday, September 17 2019 7:18 AM EDT2019-09-17 11:18:35 GMT
    An area where police say the remains of a child appear to have been discovered last week.An area where police say the remains of a child appear to have been discovered last week.
    An area where police say the remains of a child appear to have been discovered last week.An area where police say the remains of a child appear to have been discovered last week.
    SMYRNA, Del. --- The Smyrna Police Department on Monday said it is conferring with other police departments around the region to determine whether human remains discovered last week at the Little Lass softball fields match any missing child cases outsideMore
    The Smyrna Police Department on Monday said it is conferring with other police departments around the region to determine whether human remains discovered last week at the Little Lass softball fields match any missing child cases outside More
  • Clay Conaway Will Testify in His Rape Trial

    Clay Conaway Will Testify In His Rape Trial

    Monday, September 16 2019 7:04 PM EDT2019-09-16 23:04:52 GMT
    Tuesday, September 17 2019 7:17 AM EDT2019-09-17 11:17:39 GMT
    After an incident that essentially tossed out one jury pool last week, today the jury in the Clay Conaway trial was selected. This case began when the victim and Conaway connected on a dating app called Bumble.More
    After an incident that essentially tossed out one jury pool last week, today the jury in the Clay Conaway trial was selected. This case began when the victim and Conaway connected on a dating app called Bumble. More
  • Wicomico County Reacts to Culver Accusations on Alcohol Permits

    Wicomico County Reacts to Culver Accusations on Alcohol Permits

    Monday, September 16 2019 11:55 PM EDT2019-09-17 03:55:40 GMT
    Tuesday, September 17 2019 7:21 AM EDT2019-09-17 11:21:43 GMT
    On Monday Wicomico County Executive Bob Culver held a press conference to address a letter he wrote claiming the alcohol permits at the National Folk Festival were illegal.More
    Wicomico County Executive Bob Culver on Monday held a press conference to address a letter he wrote claiming the alcohol permits at the National Folk Festival were illegal.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