Incorporating a business in Delaware is a relatively easy process. The Articles of Incorporation, or incorporation documents, must contain the words “association”, “company,” “foundation,” “incorporated,” or the equivalent in another state. The state’s Office of the Secretary of State will also issue a certificate of incorporation. Once you have completed the necessary steps, the Delaware Division of Corporations will provide you with a copy of the document.
A Delaware Corporation is a corporation that is registered in the state. Having a Delaware Corporation means that you can conduct business from anywhere in the world. It’s simple to form and offers a variety of tax benefits. To start your Delaware corporation, visit the Department of State’s official website. Once you’ve found a name, it’s time to incorporate. Here’s how to do it. You can also use the company’s name to register your company.
Delaware allows professionals to form professional corporations. To preserve their limited liability, these companies must file annual franchise tax reports with the state. The franchise tax amount is based on the number of shares and par value. If your company is not profitable, it will pay the franchise tax, which is usually about 1% of its sales. This cost is relatively small and should not affect your bottom line. Whether you’re looking for a simple LLC or an elaborate multi-national corporation, Delaware is an excellent option.
In addition to a C-corporation, a Delaware corporation may be set up as a professional corporation. However, in order to maintain your limited liability, you must be compliant and file annual franchise tax reports. This tax is based on the number of shares and par value, so it can be costly. A Delaware corporation is an excellent option for a small business with high turnover and little capital. Once your company has been set up, the next step is determining the name.
When forming a Delaware corporation, you need to consider the state’s incorporation laws. You’ll need to file an annual report with the state’s Department of State before your company can start doing business. It must include basic information about the company, such as the number of directors and officers. A successful Delaware incorporation is likely to be a lucrative business. And the state’s general corporate law laws will help you protect your investment.
A Delaware corporation is also subject to the internal affairs doctrine. Unlike other states, Delaware law has no jurisdiction over Delaware corporations. The state’s court system, however, is often easier to navigate than that of other states. Nonetheless, a Delaware corporation must have a registered agent in order to avoid liabilities. This is a crucial step to the success of your business. When choosing a company name, choose a company that has the potential to be profitable.