Guide

Unfortunately, Delaware LLCs may not be ready to launch. They may need to adjust the structure of their business or even cease operations altogether. Delaware law permits an LLC to be dissolved if all members agree, in writing or through voting on a member consent to dissolve form. This form must be signed by a […]

Forming a Delaware LLC online can be done within hours, making the process fast, cost-effective and effortless. Once your business is incorporated in Delaware, it must file annual reports and pay franchise taxes annually. Failure to do so could incur a $200 late fee plus 1.5% interest for each month that the report and tax

Delaware is a popular location for LLC and Corporation formation, boasting more than one million legal entities residing there. It boasts low taxes and convenient access to major East Coast metropolitan areas. To form an LLC, the initial step is preparing and filing articles of organization with your state. These documents guarantee your business name

One major purpose of corporations and limited liability companies is to shield individuals from personal liability. A creditor who successfully sues a corporation or LLC and receives judgment against it can ask the judge to “pierce the corporate veil,” making its shareholders or members personally liable for any debts incurred. Fraud or Illegality Courts have

Are you forming an LLC for your US-based business but unsure if Delaware is the best option for you? Read on to explore the pros and cons of forming a single-member LLC in Delaware. Forming a Delaware LLC begins with selecting an exclusive business name that is not in use by another business. Once chosen,

Delaware requires LLCs to have a designated registered agent who can receive official correspondence on their behalf. Selecting the correct registered agent could be the difference between success and failure for your business venture. Neglecting to choose a registered agent for your company can result in missing important filings and losing legal rights. That is

Delaware, commonly referred to as “The First State,” is a popular location for business formation. Its friendly legal climate and liberal tax treatment make it an appealing option for many enterprises. When forming an LLC in Delaware, business owners should carefully consider several aspects of its operation. One crucial element is the operating agreement which

If you’re looking to start a business but unsure where to begin, Delaware might be the ideal state for you. This state offers several advantages over Georgia, such as reduced registration requirements and privacy protection. Delaware does not require you to list the names or addresses of your members or managers, which is one major

To stay in good standing with the State of Delaware, LLCs must pay an annual Franchise Tax. This flat fee is non-based on profits or capitalization and therefor not subject to adjustment. An LLC’s budget may be stretched thinly in the early days of their business venture, but it is necessary for them to stay

LLCs are an ideal solution for many business scenarios, such as real estate investments; family businesses; estate planning; intellectual property ownership; and government contracts or licenses. However, there are a few potential drawbacks to be aware of before forming an LLC in Delaware. One such drawback is the untested structure and dual registration requirements. Pass-through