Delaware DE Corp into Foreign LP is a type of entity conversion that allows a Delaware limited liability company (LLC) to convert into a foreign limited partnership (LP) in order to benefit from the various advantages of being a foreign entity. This type of conversion can provide a Delaware LLC with greater flexibility in terms of taxation, legal compliance, and asset protection. Furthermore, a Delaware DE Corp into Foreign LP conversion can enable a Delaware LLC to access foreign markets, access foreign capital, and have a more global presence. There are two main types of Delaware DE Corp into Foreign LP conversions; the first is a Statutory Conversion, in which the Delaware LLC's assets and liabilities are transferred into a foreign LP, and the second is a Non-Statutory Conversion, in which the Delaware LLC's assets and liabilities are not transferred and the Delaware LLC remains in existence.