Forming an LLC in Delaware Is easy. To form an LLC in Delaware you will need to file a Certificate of Formation with the Delaware Department of State, which costs $90. You can apply by mail or in person. The Certificate of Formation is the legal document that officially creates your Delaware limited liability company.
Can I start an LLC in Delaware if I don’t live there?
Delaware allows anyone 18 years of age or older to form an LLC. You do not need to be a Delaware resident, a U.S. citizen, or conduct any business activities in Delaware. Even if you operate your business solely in Florida, you can still form a Delaware LLC.
Do you need a Delaware address for a Delaware LLC?
No, you do not need to have a business address or office in Delaware. … Many corporations and LLCs that are incorporated in Delaware do not have a physical business address in the state and have only incorporated in Delaware to have the business internal affairs governed by Delaware laws exclusively.
Why is Delaware the best state to form an LLC?
Delaware is the most popular state to file an LLC in because it has a strong reputation for being business-friendly and offers a fast filing process with increased protection for owners.
How much does an LLC cost per year in Delaware?
All Domestic and Foreign Limited Liability Companies, Limited Partnerships, and General Partnerships formed or registered in Delaware are required to pay an annual tax of $300.00. There is no requirement to file an Annual Report.
Do Delaware LLC pay taxes?
Delaware treats a single-member “disregarded entity” as a sole proprietorship for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the State of Delaware.
Is Delaware LLC tax free?
Limited Liability Companies (LLCs)
Like S corporations, standard Delaware LLCs are pass-through entities and are not required to pay federal or state income tax. LLCs are, however, required to pay a flat annual tax of $250 to the state.
How much does a registered agent in Delaware cost?
How much does a registered agent in Delaware cost? Registered agent services costs range from $50.00 to over $300.00 per year.
How long does it take to form a Delaware LLC?
What is the processing time to form my Delaware LLC? Filing the Certificate of Formation takes about two weeks, but can be expedited for an additional fee.
Does Delaware require an office to be maintained?
No. An office or bank account does not have to be maintained in Delaware. … You do not need to visit Delaware to start or maintain a Delaware company. However, you must retain a Delaware registered agent at all times to receive lawsuits if your company is sued.
Is an S Corp better than an LLC?
If there will be multiple people involved in running the company, an S corp would be better than an LLC since there would be oversight via the board of directors. Also, members can be employees, and an S corp allows the members to receive cash dividends from company profits, which can be a great employee perk.
Does my LLC need an address?
Many small businesses registered as LLCs will often have a member of the LLC serve as the registered agent for the business, with the place of business used as the registered agent address. … A physical address is required, because the address must be a place where service of process can occur.