CHOOSING YOUR DELAWARE BUSINESS ENTITY
Delaware Corporations LLC, in conjunction with the law firm of Smith, Katzenstein & Jenkins 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 & Jenkins LLP, see their website at www.skjlaw.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
Types of Delaware Business Entities
Limited Liability Partnership
Limited Liability Company
Delaware Statutory Trust
Some General Business Concerns
Management and Control