Choose your type of company in Delaware

General Corporation (C Corporation)

General Corporation (or "C Corporation") is the most common corporate structure, for medium and large companies in particular. Characteristics include:

- Anonymity of Directors and Shareholders
- Unlimited Number of Shareholders
- Separate Legal Entity
- Taxation of Profits and Losses at the Corporate Level
- Possibility to Raise Capital with Sale of Shares
- Easy Transfer of Shares
- Tax Benefits
- No Obligation for the Shareholders or Directors to be U.S. Citizens or Residents.

Close Corporation

Close Corporation is similar to C Corporation, except for the following aspects:

- Number of Shareholders Limited to 30
- Transfer of Shares Conditional to Directors' Prior Approval
- Prohibition to Publicly Trade Shares

Limited Liability Company (LLC)

Introduced in the United States by the State of Wyoming in 1977 and now recognized by all 50 States, the Limited Liability Company (LLC) is a profitable mix of a Corporation and a Partnership. As a general rule, the revenues and losses of an LLC are allotted to its Members (the equivalent of Shareholders in a Corporation), which avoids double taxation (to the LLC and its Members).
The advantages of an LLC are as follows:

- Anonymity of Members and Managers
- Absence of taxation at the corporative level, except if this tax option is selected
  in the E.I.N. Application Form
- Personal Liability of the Members limited to their investment within the LLC
- Protection of the Members' Assets
- No Possibility for an LLC Creditor to seize control of the LLC's assets, nor Member's voting rights
- Profits and losses of the LLC allotted directly to the Members, in the proportion determined by them
- Unlimited number of Members
- Flexibility to organize the LLC
- Elimination of the usual corporative formalities (e.g. Minutes, Bylaws, meetings, Officers and Directors, etc.)   if specified in the LLC Operating Agreement
- Drafting of LLC Operating Agreement in any language (no obligation to write or translate into English)
- No Obligation for the Members or Managers to be U.S. Citizens or Residents.