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Business Formation Types

There are four main types of business structures: sole proprietorship, partnership, limited liability company, and corporation. Learn about the latest developments and updates pertaining to these business formation types in our Resource Center.
Articles

LLPs Provide Flexibility and Some Asset Protection

A limited liability partnership (LLP) provides some measure of asset protection, but the extent of the protection and the membership requirements for partners vary widely from state to state.

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News

Delaware Amends its Business Entity Laws

Important amendments to the Delaware's corporation and alternative entity laws go into effect on August 1, 2015.

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Articles

Advisory for Limited Partnerships Formed in Delaware: The General Partner Information Requirement

The State of Delaware requires that all domestic and foreign-qualified Limited Partnerships list a General Partner in their formation papers.

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Articles

What Is a Professional Corporation or PLLC?

A professional corporation (PC) is a corporation that provides organized to provide services by professionals that must have a state license. (Some states refer

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Articles

What Is a Limited Partnership?

A limited partnership allows great flexibility in managing the business and dividing the profits. There must be at least one partner with unlimited personal liability for the business debts.

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