The Delaware LLC is the most popular business structure for entrepreneurs and small-to-medium sized businesses. Nearly 75% of the business entities formed in Delaware are LLCs. But what exactly are LLCs, and what makes them so special, and why is Delaware clearly the number 1 state for forming Delaware LLCs? IncNow’s Delaware LLC Guide tells you everything you need to know.
LLC is the abbreviation for “Limited Liability Company”. Limited Liability Companies are a type of business structure that provide legal protections for owners and managers. LLCs are widely popular due to the fact that they’re easy to set up and easy to manage. Take a look down your Main Street and you’ll likely find that most of the small-to-medium sized businesses are set up as LLCs.
LLCs provide limited liability protection for their owners. This means that business owners shield their personal assets from the debts and liabilities of their business. Forming an LLC sets up a legal wall between yourself and your business.
LLCs can obtain their own federal tax ID numbers, open bank accounts and even own property.
IncNow offers packages to help you properly register your Delaware LLC. Our Now LLC Package includes the registration of your Delaware LLC as well as all of the documents you need with industry best turnaround time.