Tag: Close Corporation

The Benefits of Incorporating Your Family Business in Delaware

Structuring and operating a business is a complex challenge under the best of circumstances. When family members are part of the equation, the complexity multiplies many times. On the other hand, some of the world’s most respected brand names today started out generations ago as family businesses. The LLC in particular gives you the flexibility [...]

Posted by Carleigh Lowe on Thursday, November 19th, 2009
Posted in 101, INC Knowledge
Tags: 101, Close Corporation, Family Limited Partnership, Incorporating, Limited Liability Company

History Lesson: The Close Corporation

When corporations were first introduced in Delaware in 1875, you had to have at least three people working together to form a corporation. The whole idea of a single person corporation was not even envisioned by the early lawmakers. But entrepreneurs demanded control so they would include their lawyer and perhaps a secretary to be [...]

Posted by Rick Bell on Friday, February 27th, 2009
Posted in Close Corporation
Tags: Close Corporation, Delaware