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Tax Considerations

An LLC may be structured to qualify for "pass through" tax treatment like a partnership for state and federal income tax purposes and, therefore, avoid income tax at the entity level. An LLC may also be used as a valuable tool for estate planning and wealth transfers.

Financial Flexibility

An LLC may provide for a higher degree of financial flexibility than a corporation.

Annual Taxes

All Delaware LLCs must pay an annual state franchise tax of $250 per year. Taxes are due to be received no later than June 1 of each year.