Delaware Business Formation Attorney
Lawyers For Forming A Business In Delaware
The state of Delaware offers a plethora of tax breaks and tax benefits if you headquarter your business there. Many small, medium, large and global corporations are headquartered in Delaware despite not having a physical presence in Delaware. While owning a business and incorporating in Delaware may make sense on some levels it can still be very confusing as there are numerous types of business entities one can establish. Each offers its own unique advantages to the owner and or shareholders. Retaining a Delaware Business Formation Lawyer makes sense as they can help guide you through the incorporation process.
If you are contemplating opening a business or incorporating in Delaware please call Delaware Business Formation Attorney Matthew Carucci. He can be reached at 302 654 5083. Or, you may email Mr. Carucci here. Mr. Carucci has many years forming businesses in Delaware. He will protect you, your family and your assets by helping you choose the right corporate structure for your business.
Types Of Corporations And Corporate Entities In Delaware
S Corporation: An S Corporation is a corporation that makes a valid election to be taxed via Subchapter S of Chapter 1 of the IRS Code. An S Corporation pays no taxes. Instead, any profits or losses are divided up among shareholders and they are claimed on each shareholders individual tax returns. An S Corporation can have no more than 100 shareholders.
C Corporation: A C Corporation is taxed under Subchapter C and Chapter 1 of the IRS Code. A C Corporation is taxed separately from its owners. Many large companies are treated as C Corporations for tax purposes.
Limited Liability Company (LLC): A Limited Liability Corporation is a flexible form of enterprise blending elements of partnership as well as corporate structures. The purpose of an LLC is to provide limited financial and tax liability to its owners. An LLC does not need to be organized for profit. Your personal assets are kept separate from the corporations assets should you ever be sued.
Limited Liability Partnership (LLP): Depending on the jurisdiction i.e. state an LLP is a corporate partnership entity in which some or all partners have limited liability. An LLP also affords you benefits of a partnership and a corporation. In an LLP one partner or owner cannot be liable, responsible or accountable for another partner’s misconduct or negligence.
Professional Association (P.A.): A Professional Association is typically a non-profit organization whose mission and focus is to further a certain profession or industry, the professionals employed by that profession or industry as well as the public interest. They can act as governing bodies to protect the public interest. In addition, a P.A. can also be an individual business within a certain profession depending on the jurisdiction. For instance, a law firm or health care facility can be deemed a P.A.
Contact A Delaware Business Formation Attorney
If you are considering forming your own business it is in your best interest to consult with an experienced Delaware Corporate Formation Attorney. Call The Law Office of Carucci & DiLorenze at 302 654 5083. Or, email Mr. Carucci here. Mr. Carucci will help you decide what entity is right for you based on your needs, what type of business you will be engaging in and the goals you have for your business.
The Law Office of Carucci & DiLorenzo proudly serves those forming corporate entities in New Castle County, Kent County and Sussex County Delaware including cities and towns such as: Wilmington, Claymont, Fairfax, Talleyville, New Castle, Newark, Pike Creek, Hockessin, Bear, Glasgow, Middletown, Smyrna, Dover, Harrington, Georgetown, Lewes, Rehoboth Beach, Dewey Beach, Bethany Beach, Ocean View & Fenwick Island.
