What types of business entities can I form in Delaware?

Delaware offers a wide range of business entities that can be formed to suit various needs. The most common types include Limited Liability Companies (LLCs), Corporations (both close or general), Limited Partnerships (LPs), and Limited Liability Partnerships (LLPs). These entities provide opportunities for entrepreneurs to structure their businesses with flexibility and protection. LLCs and corporations are favored due to their limited liability feature, shielding owners' personal assets. LPs and LLPs are commonly used for partnerships, providing distinct roles for general partners who manage the business and limited partners who invest without bearing excessive liability. Additionally, Delaware also allows the formation of Statutory Trusts, Business Trusts, and Series LLCs, which possess unique characteristics and cater to specific business interests. Delaware's diverse options enable individuals and businesses to establish entities tailored to their specific needs and goals.