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In order to start a company, first choose your business type (such as an LLC) and your formation state, which doesn’t need to be where your business is locate
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.
Important amendments to the Delaware's corporation and alternative entity laws go into effect on August 1, 2015.
The State of Delaware requires that all domestic and foreign-qualified Limited Partnerships list a General Partner in their formation papers.
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.