Types of Delaware Business Entities

How Many Types of Business Entities Are There?

There are several types of business entities available, with most of them falling under the umbrella of Corporations, limited liability companies and partnerships. To add on to that, each entity type offers distinct legal and financial structures, with variations like S-corporations and non-profit organizations. While the choice of entity should involve plenty of research into liability protection, tax considerations, and business goals, the seven types of business entities linked below should allow you to find the best entity type that matches your operational needs and goals.

How to Decide What Type of Business Entity is Best for You

Deciding on a business entity should involve assessing your intended liability protection, tax structure, ownership structure, and future growth plans. Even if you know that you want to form a corporation, there are different types of Delaware corporations with variations in taxation and liability worth considering. If you're having trouble choosing a Delaware business entity, you can read more about each type below.

Here you will find all the information you need to learn about types of Delaware business entities: LLCs, limited partnerships and several varieties of corporations.

We also have a detailed comparison chart, which illustrates the major differences between a sole proprietorship, a limited liability company and a corporation.

In addition, you can find links to our other services, from searching for a company name to Certificate of Good Standing, and so much more.

Videos

We have created a series of short, informative videos on a number of different incorporating and company formation topics. Watch now to learn more about the Delaware Franchise Tax and why so many companies incorporate in Delaware.