Can I start an LLC in Delaware if I don’t live there?
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 physical address for an LLC in Delaware?
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 you should not form an LLC in Delaware?
“For most business owners, forming their LLC in Delaware will not offer many benefits. It instead ends up being an unnecessary and often expensive step.” That extra step of registering as a foreign entity costs valuable time and additional filing fees—both upfront and on an ongoing basis.
Do you have to be in the state of Delaware to form a Delaware LLC or Corp?
As long as you retain the services of a Delaware Registered Agent, you can form a Delaware corporation, LLC, LP, benefit company or non-profit corporation without being a resident of Delaware or the United States.
Can you register an LLC in Delaware?
You can form an LLC in Delaware without visiting, opening an office, or maintaining a bank account in Delaware; however, the Delaware LLC Act requires any company incorporated in Delaware to have a Delaware Registered Agent with an in-state street address.
Does Delaware require a Registered Agent for an LLC?
No. Delaware law requires every corporation to have and maintain a Registered Agent in the State who may be either an individual resident, a domestic corporation, or a foreign corporation authorized to transact business in Delaware whose business office is identical with the corporation’s registered office.
What do you need to start an LLC in Delaware?
Starting an LLC in Delaware
- Step 1: Choose a name for your LLC. …
- Step 2: Select a registered agent. …
- Step 3: Obtain a Delaware business license. …
- Step 4: File your certificate of formation. …
- Step 5: Draft an LLC operating agreement. …
- Step 6: Comply with federal, state and local regulations.
What documents are required to form an LLC in Delaware?
What documentation is required to form a Delaware LLC?
- Name of the company (check a company name for free)
- Communications Contact (must be an individual)
- Email address.
- Telephone number.
- Street address (city, state, country and postal code), which can be anywhere in the world.
What do I need for an LLC in Delaware?
To form a Delaware LLC, you’ll need to file a Certificate of Formation with the Delaware Department of State, which costs $90. You can apply online or by mail. The Certificate of Formation is the legal document that officially creates your Delaware limited liability company.
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.
Are Delaware LLC anonymous?
Under Delaware law, members can form an LLC without having to place their name on any public documents—eliminating the paper trail. … Although members of an LLC and shareholders of a corporation may enjoy the option of remaining anonymous, a.k.a. stealth mode, directors of a corporation are no longer so lucky.
How do I pay my Delaware LLC annual fee?
The only way to pay and file an annual Delaware tax payment is online. Simply visit the Delaware Division of Corporations’ website (you can use the link below) to get started.
How long does it take for an LLC to be approved in Delaware?
You can form an LLC in Delaware in 9-11 weeks if you file online (or 10-12 weeks if you file by mail). If you need your Delaware LLC faster, you can pay for expedited processing.
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. … Delaware is well respected among entrepreneurs because it uses a separate court called the Chancery Court to handle business matters.
Can you register a business in Delaware?
Registering a business name in Delaware is done when you form your business entity (LLC or corporation) with the state. You must first choose your business structure, then do a business name search to ensure name availability. Afterward, you must form your entity with your business name with the state.