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             Delaware Business Incorporators, Inc. Toll-Free: 1.800.423.2993 or Local: 302.996.5819
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dbilogobmp.bmp
3422 Old Capitol Trail
Suite 700
Wilmington, DE 19808
USA
Telephone: 302-996-5819
Toll-Free: 1-800-423-2993
Fax: 302-996-5818

What are the advantages of a LLC over a partnership?

Each member enjoys limited liability, as compared to the risk of unlimited liability that general partners must face in a partnership.

Unlike limited partners, LLC owners may participate in company management without fear of losing their protected, limited liability status.

LLC members may be able to avoid the I.R.S. passive-loss limitations and take federal income tax deductions for losses caused by the business – a benefit often unavailable to limited partners.