The Basics of Forming an LLC or Corporation in DE or FL

It can sometimes appear daunting when you consider how many options and decisions are out there with regards to your future small business. The purporse of this article is to help move the potential small-business owner in the right direction. After learning about the two most basic elements of forming a company - collecting the information and then making your decisions - this process will hopefully appear at least a little more manageable. To learn more about the topics covered in this article, feel free to visit these LLC Formation and Company Incorporation Agents.

The first question you must answer when incorporating an LLC / Corporation is: "When do you want to be protected?" The formation (registration) can only protect you from the time it is filed. The more you wait, the more vulnerable you will become to actions that could accrue against you. This is because the liability shield of your company must be established before you receive any protection benefits. That being said, you must now begin your quest to incorporate. The two paths that you must take on this quest are collecting information and then acting.

Collecting Information:

The two greatest sources for collecting information about incorporating and formation online are (1) search engines and (2) other reliable sources. As far as search engines, Google is most often the best tool to use. For detailed information on Google commands and search tips, visit this website on Searching with Google. After using search engine resources, another set of resources that will be useful to you are the many reliable government websites (.gov websites such as de.gov – the Official State of Delaware’s website). These .gov sites will always be a great source for un-biased corporate formation information.

Making your decisions and acting:

After collecting all the information you will need, you must now make your decisions and act. Since the step of making a decision is so unique to each owner, based on his or her own values and demands, there are unfortunately no resources out there that can do this for you. You will thus need to think long and hard about what exactly you want out of the incorporation process. Do consider, however, that the LLC (Limited Liability Company) is usually the optimal choice for business formations. Don't take this author's suggestion without researching it on your own, though, since there are many pros and cons of each distinct entity type. (For example, you may choose to go with the often-unfamiliar LLC type, the "Series LLC"). For more help with your business decisions, please contact the author using the contact information provided below.