Tag Archives: delaware incorporation

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Delaware: Business Friendly and Tax Heaven

When it comes to starting a business, Delaware has been one of the leading states for more than 100 years. Delaware hosts more than 1 million businesses. 63% of Fortune 500 companies also are in Delaware. Last year, people started more than 145 companies in Delaware, and 70% of these businesses are LLCs. One of […]

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General Partnership vs. Limited Partnership

While incorporating in Delaware with a company or individual, roles and liabilities should be appropriately set. There are two favorite partnership type: general partnership and limited partnership. What are the differences? The general partnership is the most common partnership type. Within this partnership model, all partners contribute to the daily duties of the business and […]

How to Get ITIN
How to get ITIN

What is ITIN (or Individual Tax ID Number)? Every company has a tax identification number in the US, just as any other state in the world. It is primarily for official recognition of the company. Just as a company, everybody who has tax liabilities to the US Government must have a tax identification number. There […]

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Non-Profit Corporation

Non-Profit Corporation There are two steps to take while starting a Non-Profit Corporation. First, the owner(s) or the organization that will begin this corporation will start a non-stock company. There are no shareholders except for the members of this company, and they usually expect no profit. There can be members with different status within this […]