No matter where you live, you have the ability to choose Delaware law to govern the internal affairs of your business. Delaware is known for having the strongest shield to protect your personal assets from business liabilities. In Delaware, you have a number of options when it comes to forming a business. For most people, these include starting as a Delaware limited liability company (LLC), Delaware series LLC, Delaware limited partnership (LP), Delaware nonprofit corporation, Delaware public benefit corporation or Delaware general corporation (S-Corp or C-Corp).
The right business entity type for you will depend on your ownership structure and business plans. We listen to you in order to understand the size and scope of your business to help you start on the right path.
Sometimes multiple Delaware business entities are advisable for your business to separate liabilities and reduce your effective tax rate by carefully considering the costs and benefits of tax elections.
One advantage The Williams Law Firm has is its affiliated incorporation service and registered agent service known as Agents and Corporations, Inc. (www.incnow.com) which has been operating since 1974. That company has more than 16,000 companies for which it serves as Delaware registered agent.
In fact, The Williams Law Firm was the first law firm in New Castle County, Delaware to be incorporated in 1974 as a professional association. This is an example of the foresight of having forward thinking lawyers on your side that specialize in Delaware business law and recognize tax benefits to incorporating. Very few business lawyers have backgrounds in tax law.
We have also been leaders in the Delaware series LLC, having been appointed to serve on a Uniform Law Commission drafting committee by the American Bar Association. This committee is drafting the new Uniform Limited Liability Company Protected Series Act.
Our knowledge of Delaware corporate filings will help you get started quickly and can prevent you from making do-it-yourself mistakes. We can explain the options to you to provide direction to help you start the right way.