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Incorporating a business automatically makes it a regular, or “C” corporation. C-corps offer limited liability protection for shareholders. This means that shareholders are not personally liable for the debts and obligations of the corporation. C-corps can also raise capital through the sale of shares.
An LLC generally offers liability protection similar to that of a corporation but is taxed differently. Generally, the owner’s liability is limited to amount of capital contributed unless acting as guarantor of corporate debt. Delaware also allows foreigners to act as members of a Delaware LLC. There is no age restriction for officers, directors, or members of Delaware Limited Liability Companies.