Delaware’s State Charter Laws are the Best in the U.S.
If you’re looking for a state that has a long history of corporate law, Delaware is certainly your best bet. The state has been in business since 1638, and its legal system is well established—probably one of the best in the United States. Its court system is strong, and its laws are well-known for being easy to follow and understand. Starting a Delaware LLC might seem like a daunting task, but rest assured, we’re here to help.
Your unique personal and financial circumstances will determine whether or not you should form an LLC. You should think about your long-term and short-term goals as part of your entire business plan. While researching your market and recruiting an effective staff are critical to your success, so is putting together a solid business structure. Here at Corporation Center, we offer LLC registration forms for all 50 states in easy-to-complete web documents. We also use an SSL-encrypted web portal, ensuring your peace of mind.
The Online Process Is Simple:
One way is to visit the delaware.gov website for more information about forming an LLC in Delaware or fill a form to get in touch with their contact state agencies regarding any questions about how to get started. However, a better option is to use our easy-to-fill web forms and encrypted web portal.
After filing your paperwork with the Delaware Division of Corporations, you will receive a certificate of formation from them within 90 days, at which point you can open up your bank account and begin operating as a legal entity separate from yourself—all without ever stepping foot in that state!
Certified Copies And A Status/Good Standing Certificate
A good standing certificate or a certified copy of your new business filing may be required by some financial institutions. Remember to get in touch with your financial institution to see if they require any additional documentation or information in order to open a business account.
Having a Registered Agent
A Registered Agent allows you to focus on more key elements of your business while still conforming to Delaware law. As your Registered Agent, part of their responsibility is to remind you when any Delaware specific tax is due and help you file it on time.
In the event that something goes wrong with your Delaware business, the government sends legal notices to your registered agent. For example, if you are sued, or if one of the owners is sued, it is the job of your registered agent to receive these notices on behalf of all members (owners) of the company so that they are aware of them without having to worry about getting essential legal documents themselves.
If you fail to renew your Delaware Registered Agent, you will lose contact with the State of Delaware. As a result, you and your company could face dangers like losing due process in court, fines for late tax payments, and a loss of good standing.
When Choosing A Name For Your Llc Remember
The Delaware Division of Corporations permits you to reserve a name for your business. This is not a prerequisite for forming your business, but it will ensure that your name is reserved for you for 120 days.
Pay Required State Filing Fees and Taxes Delaware
In Delaware, the only tax that you must pay is a franchise tax. The amount of this tax depends on the number of shares you have issued. From 1 to 100 shareholders will translate into a different amount of tax than having more than a thousand shareholders.
It’s important to note that if you don’t do any business in Delaware (i.e., all your sales and services take place outside of the state), then the dynamics of how fees are paid change. Also keep in mind that there is no corporate income tax or gross receipts tax in Delaware.
As we mentioned earlier, one of the best incentives for establishing your business in Delaware is the state’s lack of corporate taxes, which makes it possible for you to save money.
Many people choose to form an LLC in Delaware because of the state’s tax incentives. There are no corporate taxes in Delaware, which means that you can save money on your business by establishing it there. In fact, this is one of the best reasons for starting a company in Delaware.
Set Up Your LLC today.
Of course, there are intricacies to incorporating an LLC in Delaware that you should research further. A tax or business attorney may be able to help you in this situation. You may expect to manage some papers and documentation regardless of the state you choose to incorporate your LLC in. You can then return your registration documents to the appropriate Delaware state office for processing once you’ve completed everything.
We can save you a trip to the post office at the Corporation Center. In all 50 states, we provide simple web forms for LLC registration materials. Contact us today by phone to learn more about how to register your LLC online.