   
what is limited liability company | advantages of limited liability company | form limited liability company Delaware
LIMITED LIABILITY COMPANY FORMATION
Delaware Registry is your headquarters for limited liability company formation. If you wish to form a Delaware limited liability company we can provide quick courteous service and information. Below is a summary of the Delaware corporation law pertaining to Delaware incorporation and Delaware limited liability company formation.
A Delaware Limited Liability Company (LLC) is a hybrid business
entity, designed to combine the advantages of a corporation with the
tax advantages of a partnership. Like a corporation, the owners of
an LLC are not personally liable for the LLC's debts and obligations. Like
a partnership, an LLC can be treated as a pass-through entity for tax
purposes. This may be advantageous for those who cannot meet the IRS
requirements for an "S" corporation and desire the tax pass-through
treatment.
In summary, a Limited Liability Company provides:
|
| 1. |
the pass-through tax treatment of a partnership |
| 2. |
the liability protection afforded by a corporation (and not available with a partnership) |
| 3. |
the freedom from the restrictive and burdensome qualification and operating requirements that come with an "S" corporation. |
Please note that upon registering an aircraft with FAA, the LLC may need to submit a copy of its Operating Agreement. The agreement is found in the company kit, which we can provide to you for an additional fee.
You should check with your accountant or tax advisor to determine if a
corporation or a limited liability company best suits your individual
needs.
Delaware Registry, Ltd.
3511 Silverside Road, Suite 105
Wilmington, DE 19810 USA
(800)-321-2677 - Toll-free US Only
(302) 477-9800 - Phone
(302) 477-9811 - Fax
http://www.delreg.com - URL
Last Update: May 17, 2012
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