Delaware Business Start-up Checklist
Description
How to fill out Business Start-up Checklist?
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FAQ
You can register your business name with the Delaware Secretary of State for $75. To file your Articles of Incorporation, the Delaware Secretary of State charges a $89 filing fee for (1) up to 1,500 shares of no par value stock, or (2) up to $75,000 of par value stock.
Start a Corporation in Delaware To file a Certificate of Incorporation for a corporation in Delaware, you must file your formation documents with the Delaware Division of Corporations online or by mail along with the $89 filing fee and a filing cover sheet. Read our full guide on How to Start a Corporation in Delaware.
The cost to start a Delaware limited liability company (LLC) online is $90. This fee is paid to the Delaware Department of State when filing the LLC's Certificate of Formation.
It's well-known as a 'tax haven. ' Companies starting up in Delaware can enjoy favorable tax laws that aren't usually available in other states. Delaware startups can operate outside of the state without incurring corporate tax on goods and services, incur no inventory tax nor need to file any VATs.
The other major reason corporations choose to incorporate in Delaware is the quality of Delaware courts and judges. Delaware has a special court, the Court of Chancery, to rule on corporate law disputes without juries. Corporate cases do not get stuck on dockets behind the multitude of non-corporate cases.
You should form an LLC in Delaware. If you don't live in, or do business in Delaware, and you've heard that you should form an LLC in Delaware, let me save you a lot of money and headaches: you should not form an LLC in Delaware.
Forming an LLC in Delaware does not require documentation. The only information required, whether you are a United States citizen or not, is: Name of the company (check a company name for free) Communications Contact (must be an individual)
How to Start a Business in DelawareChoose a Business Idea. Take some time to explore and research ideas for your business.Decide on a Legal Structure.Choose a Name.Create Your Business Entity.Apply for Licenses and Permits.Find a Business Location and Check Zoning.File and Report Taxes.Obtain Insurance.More items...
Delaware Incorporation Fees The state fee to incorporate in Delaware is a minimum of $89. This includes your Division of Corporation fees ($50), filing fee tax ($15 minimum), and the county fee ($24).
The state of Delaware does not restrict non-U.S. residents from owning or managing Delaware LLCs, nor do they require any physical presence in the state of Delaware, or even within the U.S., for that matter. Delaware simply requires that you maintain a registered agent, such as Harvard Business Services, Inc.
