Shares of stock may be owned by individuals, trusts, corporations or any other entity, either US domestic or foreign. Some states require that the corporation state in its certificate of incorporation the particular businesses in which in which it may engage. Delaware permits a general purpose clause which permits a corporation to engage in any legal business for which a company may be incorporated. Delaware has maintained a preeminent position with its Limited Liability Company stature. Delaware law does not require that the name of any member of the LLC be disclosed in the certificate of formation.
Some states require the publication of the names of all members.
Unlike other states, single member LLC's are permitted. The creation of your LLC may be your only contact with Delaware. You may form your company on line or by fax. A Delaware operating agreement may contain provisions which deny voting rights to some members and may also exculpate members and managers from personal liability and may permit indemnification. Delaware permits maximum flexibility in drafting operating agreements.