Legal Business Structures Table

TYPE OWNERSHIP CONTROL LIABILITY TÆ(ATION FILING FEE

Indiv¡dual Controlled by Own6r ig All business income None

Owner perBonally liabl€ is considered
Sole for all business personal income to
Proprielorshlp debts lhe ow¡rer and is
taxed at personal
income tax rates
Two or mo¡e Gontrolled by th€ All paflners are lndiv¡duål paftners' $300.00
individuals or partners in jointly and prorated share of Payable to the
G€neral other enl¡ties accordance with sêverally liabls partnership income Secretary of
Partne¡ship according to partnership for all parlnershíp or loss is included State
6 Qe!.c., partnership agrېment debts on the respGctfue 6 Del.C.,
s15-1 01 agreement income tax retum of s1s1208
lhe partner and
taxêd at p€rsonal
or corDorale ratés
Two or mors General General Same as generãl $300.00
ownsrs; two partne(s) may padner(s) ara partnerslSp Payable to
classes of d¡ssolv€ et tha¡r fully liable for all Secretary of
owners; general discrel¡on, limited business debts, State
Llmited partners and partners do no l¡m¡ted pertners 6 Del.Q,
Partnersh¡p limited partners hav6 lhis oplion. only liable to s17-1 1 09
6 Dsl.c.. General partners extent of capital
s17-r0r generally run inv€st€d
bus¡ness, as
specified in
partnership
aqreement
Shareholders Owners share Ownefs ilablllty Corporat¡on pay tax üæ!8.
(Unlimited ownersh¡p is llm¡ted to on bus¡n€ss income s391
number) lhßugh stock, amount of capital at corporåte tax Based on the
and business is contributed rate: profits number of
"C" Corporation managsd through unless acting as distributed to aulhorized
I Qel.Q. a Board of guarantor of shareholders and shafËs or
Directors; certain corporate d€bt afe lax€d at assumed no-
legal regulations personal income tax par capltal
also apply rate payable to
Secrêtary of
Slate

Shareholders Same as "C" Same as'C" Corporation not I

Corporation Corporation taxed; income ¡s s3s1
Subchapter "S" Above above; generally taxable to the Based on the
Corporation limitgd to assets shareholders at number of
8ge!.C. in corporation their personal authorlzed
income tax rate shares or
assumed no-
par cap¡lal
payable to
Secretary of

One or more Contrclled by Generally, same TarGd as 8300.00

Limited Liability members members or as'C' partnership, Payable to
Company managerc, as set Corporalion @rporation or may Secretary of
6 Psl.q, out in operating above be disregaded Slate
s18-101 agreement depending on 6 Del.C.,
election rnade. See s18-1 1 07
'Check lhe Bo)C'
reoulations
Two or more Controlled by Limit€d and Same as general $200.00 per
owners; limited partners in General partners partnership partner not to
Limited Liability pãrtners accordance with only liable to exceed
Partnership partnership extent of capital $120,000.00
6 Qe!.c., agreement ¡nvested Payable to
s17-214 Secrctary of
State
I, Del.C.
G15-1207