SINCE 1974 
Delaware Corporation What Does It Mean to Incorporate? A business is formed when the formation involves an “unincorporated” entity. In other words, you do not incorporate LLCs, LPs and partnerships, you form them. When someone talks about incorporating a company, any business lawyer will tell you this means starting a corporation, not forming an LLC. With the […]
Delaware Series LLC What Is an Umbrella LLC, Exactly? An umbrella LLC is another word for a holding company. An umbrella LLC owns other LLCs that are below it, known as subsidiaries. It effectively shelters those LLCs from cross liability in the event that future litigation results in a judgment creditor trying to collect against assets of a […]
LLC Reasons to Form an LLC #1) Personal Asset Protection: The primary reason why business owners form LLCs is to protect their personal assets. When you form an LLC, it establishes your business as a separate legal entity, which protects your personal assets – like your home, car, and personal bank accounts – from business-related debts […]
Incorporate What Does “Incorporation” Mean, Exactly? “Incorporation” is the process that many business owners go through to legally separate themselves from their business and protect their personal assets. Incorporating a business means filing documents in a state to turn the business into a legal entity. Most businesses incorporate as either a corporation or a limited liability […]
Incorporate What is the difference between a corporation and incorporation? A “corporation” is the business entity itself. “Incorporation” is the act of starting a corporate business entity. A corporation (Inc.), a limited partnership (LP), and a non-profit (non-stock) corporation are incorporated entities. This means they have filed their corporate charter, the founding document, with the state […]
General Partnership What Is a General Partnership? A general partnership is formed through implied conduct. This is when two or more individuals agree, either orally or in writing, to engage in business towards a common goal. A general partnership commences upon performance of even preliminary tasks to create the business. This is the default applied anytime two […]