All information provided is for reference only, Get it Filed, LLC does not offer legal or tax advice. Before you establish a business, you should consult with a private attorney or tax advisor for advice about what type of business entity will meet your business needs, and what your legal obligations will be.
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A Delaware corporation generally is a legal entity which exists separately from its owners.
While normally limiting the owners from personal liability, taxes are levied on the corporation as well as on the shareholders. The sale of stocks or bonds can generate additional capital and the longevity of the corporation can continue past the death of the owners.
Legal Counsel should be consulted regarding the variety of options available. To form a corporation in Delaware, Articles of Incorporation must be filed with the Delaware Secretary of State’s office.
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