Delaware is a popular option for business formation due to its advantageous tax law, robust legal system, and highly-regarded courts. The Delaware General Corporation Law (DGCL) grants companies operating within the state considerable freedom of choice.
Delaware incorporation can be an advantageous choice for businesses that want to protect their assets from personal liability. The Delaware General Corporation Law (DGCL) permits corporations to include a provision limiting stockholders’ personal responsibility to a specified amount and subject to certain conditions.
The Registered Agent’s Address
Once your Delaware LLC is officially formed, you’ll appoint someone as its registered agent. This individual will be responsible for accepting legal documents and correspondence on behalf of your company.
Your registered agent’s principal place of business, also known as the Delaware LLC’s principal place of business, is where official notices from the Division of Corporations are sent and where courts serve legal papers on your company.
Your registered agent can be either a natural person, an artificial legal entity (like a corporation, limited liability company, or limited partnership), or an agency. When selecting your registered agent, make sure they are reliable and available during business hours to accept legal documents and communicate with you about the operations of your company.
Registered agents in Delaware must maintain a current communications contact for each entity they represent. This individual must have an adequate street address, email address and phone number.
The Company’s Office Address
A company’s registered office address is where official government mail, such as Companies House or HMRC letters, will be received. Additionally, this location houses all of the company’s statutory registers, records and filings.
A registered office address is a legal requirement for all limited companies and limited liability partnerships (LLPs). It appears on the public record at Companies House and serves to enhance corporate transparency.
A registered office is where all business correspondence will be sent – such as letters and websites. A company may choose to use a different address for its registered office, but this must not be a personal residence.
Businesses should have a separate address for general mail, such as communication from banks and suppliers. This is known as a’service address’, which does not need to be in the same country as the business’ registered address.
The Company’s Virtual Address
No doubt, many businesses incorporating in Delaware do not have a physical address for their company or LLC. This poses an issue, particularly for remote operations without office spaces to operate from.
Here’s where a virtual address can come in handy. A virtual address is simply an actual street address at an office building or mail center where you can choose to receive all of your business mail and packages.
Virtual business addresses offer many advantages to companies at all stages of development. For instance, they are ideal for expanding into new locations or digitizing your company’s mail so it is easier to locate important documentation.
A virtual business address can be an efficient and cost-effective option for companies, particularly if they have remote employees. Furthermore, providing your customers with a physical address helps build trust in your business by giving them something tangible to look at when doing business with you.
The Company’s Home Address
Delaware LLCs require a physical address that is accessible to all directors and secretaries of their company. Ideally, this address should be in an industrially oriented building with enough parking for members’ vehicles.
Home, professional office or even shared spaces should all be accessible by company members and anyone else who needs to get in touch with the business, such as Registered Agent or other service providers.
Be mindful that the company’s home address will appear on the official record for the entity. To handle this efficiently, sign up for a service which allows you to choose an address, forward mail to that location, and even print out your own address on behalf. Since there’s usually a small fee involved, shop around for the best price on quality address services.
