Delaware is well known for its General Corporation Law and as an attractive location for company formation. Delaware is known for the Delaware General Corporation Law which is said to be the friendliest in America. Companies in Delaware known as LLC’s, when organized combine the best aspects of a Corporation (a company limited by shares) and at the same time the Limited Partnership. This is a good way to protect the personal liability and assets of theowners.
At the same time it allows the owner to enjoy the benefits of a tax-free jurisdiction on all business transactions and profits generated outside the United States without having to go through the restrictions of a US Corporation. The corporation is a company limited by shares, while an LLC does not issue shares and its owners are referred to as members.
The Delaware LLC is a unique non-taxable offshore corporate structure, frequently used for conducting international business outside of the United States. American corporate structures take the form of the Limited Liability Company (LLC) of which there are two types the, domestic and non-resident