Why incorporate in Delaware

The best type of company for a small business is generally an LLC. Members own an LLC and either third-party managers or the members themselves manage it. It is a very flexible form of business, which accounts for why almost 75% of new businesses are LLCs today. The LLC Operating Agreement is the governing document […]

Most businesses end up cutting into profits simply by not taking advantage of the rules the IRS has laid out for them. The most susceptible to this common downfall is the sole proprietor or single-member LLC. It’s possible to save on single member LLC taxes—you just need to know the right steps to take. What is […]

Delaware Has a Favorable Legal Climate for LLCs Outside of state legislature, the fair legal climate is nurtured in Delaware courts that attract businesses with predictability and well-reasoned decisions. There is a good explanation why in eight separate studies conducted by the US Chamber of Commerce, Delaware has been ranked #1 in state legal systems. […]

Delaware LLC vs. Corporation In Delaware both LLCs and corporations offer their owners limited liability. A business operating as an unincorporated sole proprietorship or general partnership exposes its owners to unlimited liability. Both an LLC and corporation may be a single-person entity. The fee structure is similar in cost, depending on the corporation’s size, amount of stock […]

LLC Charging Order: Two-Way Protection Unlike many other states, one key benefit of the Delaware LLC not available to corporations in any state is that the Delaware LLC also offers a second type of protection: the “reverse shield.” Choosing to form a Delaware LLC creates a two-way shield. Unlike the traditional shield, the reverse shield […]

Blockchain, also known as distributed ledger technology (“DLT”), has numerous applications outside of Bitcoin. New applications for DLT are popping up daily, with one of the most ambitious crypto-ledger projects, Ethereum, attempting to apply it to “smart contracts.” This contract would simply be verified if each party satisfied its side of the contract. The technology […]