Inc Today
Incorporation Topics
This article provides detailed information on Delaware Corporations.
Delaware corporations are corporations that have their charter in the state of Delaware. Delaware has long been known to be a corporate-friendly state, and its long tradition of successfully applying corporate law allows it to score over rival states even though other states too are sometimes as corporate-friendly as Delaware,
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"S Corporation or LLC?" is a common question for new business
owners. I have several people call me each week asking this.
I always tell them the question is impossible to answer. And
here's why. An LLC is chameleon for income tax purposes.
Therefore, an LLC can be anything the owner or owners (who are
called members) want the LLC to be--including an S corporation.
An LLC with one owner, for
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