What types of business entities can I form in Delaware?

Delaware offers a variety of business entities that individuals and groups can form, making it an attractive destination for business incorporation. One of the most common types is the corporation, which can be either a C corporation or an S corporation, providing limited liability protection to owners. Additionally, Delaware allows for the formation of Limited Liability Companies, or LLCs, which combine the benefits of limited liability with the flexibility of pass-through taxation. Another option is the Limited Partnership, which consists of general partners who manage the business and limited partners who invest capital without being involved in day-to-day operations. There is also the General Partnership, which involves two or more individuals running the business together, albeit with more personal liability. Delaware further offers statutory trusts, allowing for asset protection and estate planning options. Each entity type has its unique advantages and requirements, so it is essential to consider your business goals when deciding which structure to pursue. For specific details and current information, it might be helpful to consult the official website of the Delaware Secretary of State.