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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.
THE AUTHOR OF THIS BLOG ARTICLE IS NOT A LAWYER AND HARVARD BUSINESS SERVICES, INC. IS NOT A LAW FIRM. THE ARTICLE ABOVE IS NOT INTENDED AS LEGAL ADVICE AND SHOULD NOT BE TAKEN AS LEGAL ADVICE. THIS SHORT ARTICLE IS STRICTLY TO MENTION SOME ASPECTS OF DELAWARE’S CORPORATION LAWS AND/OR LAWS RELATING TO OTHER FORMS OF ENTITIES WHICH YOU MAY NOT BE FAMILIAR WITH. WE RECOMMEND THAT YOU CONSULT WITH A LAWYER BEFORE FORMULATING A STRATEGY WHICH WILL BE SUITABLE FOR YOUR SPECIFIC CASE.