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So what exactly is the deal with Delaware limited liability
companies? Put that particular combination of words into a
search engine, even using the advanced search capability of
searching for those words in that order, brings up an amazing
number of hits? What are they and why are they popular?
Delaware limited liability companies are one of those kicky
little legal tangos that America is famous for.
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Should you operate your business as a corporation? Or is there another, simpler alternative? You've probably noticed that in the past decade there are more and more businesses with their names followed by the letters "LLC" instead of "Inc.". "LLC" stands for Limited Liability Company, is the newest type of legal entity that exists in the United States, and for many
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This newly created entity within the United States has been
around for many years in other countries. It is commonly used in
Germany, in fact. But, what is LLC? How does it work and why is
it a benefit to you or to others who use it? There are some
things to consider prior to getting involved with a limited
liability company.
First, knowing what an
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