As business formation experts over 30 years, we at Harvard Business Services, Inc. are often asked to explain the benefits of forming an LLC.
If you examine LLCs from a statistical perspective, they have only been in existence for 22 years. On the other hand, the Delaware General Corporation (the gold standard in business entities), will celebrate its 114th anniversary this year. Yet the LLC is by far the most popular type of company formed in Delaware. In 2012, 73 percent of the 7,000 (+) companies that Harvard Business Services, Inc. filed in Delaware were LLCs. The Delaware Division of Corporations reports that over 121,000 LLCs were filed in 2014, and more Delaware LLCs are formed each year than any other entity.
Harvard Business Services, Inc. has compiled an excellent, updated list of the benefits of forming an LLC:
If you have more questions or want to speak to one of our knowledgeable specialists about the benefits of forming an LLC, we’re always happy to help. Our experienced business formation experts can answer all your questions regarding Delaware LLCs. Feel free to call us at 800-345-2677 to speak with one of our friendly specialists today, or email your questions to firstname.lastname@example.org.
*Disclaimer*: Harvard Business Services, Inc. is neither a law firm nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. This article provides general commentary on, and analysis of, the subject addressed. We strongly advise that you consult an attorney or tax professional to receive legal or tax guidance tailored to your specific circumstances. Any action taken or not taken based on this article is at your own risk. If an article cites or provides a link to third-party sources or websites, Harvard Business Services, Inc. is not responsible for and makes no representations regarding such source’s content or accuracy. Opinions expressed in this article do not necessarily reflect those of Harvard Business Services, Inc.