CHOOSING YOUR DELAWARE BUSINESS ENTITY

Delaware Corporations LLC, in conjunction with the law firm of Smith, Katzenstein & Furlow LLP, is pleased to provide this basic guide to the different ways a business may be organized under Delaware law. (To learn more about Delaware Corporations LLC, see their website at www.delawarecorp.com. To learn more about Smith, Katzenstein & Furlow LLP, see their website at www.skfdelaware.com).

The following information is provided as a public service, contains general descriptions not necessarily applicable in all circumstances and does not and should not be viewed as legal or tax advice. Persons desiring to form a business entity should first consult with an attorney or other business advisor.

Table of Contents

Introduction

Types of Delaware Business Entities

      Sole Proprietorship
      Corporation
      General Partnership
      Limited Liability Partnership
      Limited Partnership
      Limited Liability Company
      Delaware Statutory Trust
      Joint Venture

Some General Business Concerns

      Management and Control
      Personal Liability
      Tax Treatment
      Regulatory Compliance

Why Choose Delaware?

Conclusion

Quick Reference Guide

 

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