Business owners and investors have the discretion to select any jurisdiction as their legal home for their business entity. However, they consistently choose Delaware for four main reasons:

Delaware's General Corporation law is widely regarded as the most advanced and flexible business formation statute in the nation. The Court of Chancery is a unique, centuries-old business court that has written most of the modern U.S. corporation case law. Their...

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Does an LLC Have Stock or Shareholders?

No, a Limited Liability Company (LLC) does not have stock or shareholders. Instead, an LLC has members. Members are the owners of the LLC, and their ownership interests are typically represented by membership certificates, rather than shares of stock. LLCs are a...

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