Companies incorporated in Delaware enjoy a legislative and judicial environment that encourages them to conduct business efficiently and profitably without heavy government interference. Incorporation is fast and simple. This state offers attractive tax regulations, innovative corporate laws and the existence of a chancery court system. Delaware is the second smallest state in the United States situated northeast on the Atlantic Coast and has approximately 800,000 inhabitants.
Delaware has long been considered the most popular jurisdiction for incorporation of holding companies and multinational corporations. Most of the largest 500 US Corporations are now incorporated in Delaware, which is more than all other states combined.
Highlights of Delaware Limited Liability Company
The registration for Delaware Limited Liability Company is performed at the Offices of the Secretary of State in Delaware.
The Delaware Limited Liability Company (LLC) is the latest advance in the formation of a business. The concept has its historical origins in Europe and was accepted by the Internal Revenue Service in 1997. A Delaware Limited Liability Company is a hybrid between a corporation and a partnership. The Delaware Limited Liability Company combines the corporate advantage of limited liability with flow through advantages of partnership classification.
Advantages of Delaware Limited Liability Company:
The duration of a Limited Liability Company is generally perpetual. Delaware Limited Liability Company may carry on any activity except insurance or banking.
Movement of Funds in a Delaware Limited Liability Company:
United States law requires that anyone transacting more than $10,000 into or out of the United States must report this transaction to the United States Customs Authorities. In addition the United States Internal Revenue Service must be notified of certain cash transactions in excess of US$ 10,000.
Corporate Requirements of Delaware Limited Liability Company:
9. Company Renewal:
Renewal of a Delaware Limited Liability Company is to be paid on anniversary date of incorporation. Failure to do so results in penalties and could result in the striking-off of the company from the Registry.
Latest valid passport copy and recent utility bill for address proof of shareholder/director are required to be submitted at every renewal as a part of enhanced due diligence. If shareholder is a corporate entity, then latest certificate of incumbency and above stated docs of directors would be required.
10. Documents Required in Setting Up a Delaware Limited Liability Company:
KYC Documents for individual Director/Shareholder:
KYC for Corporate Director/Shareholder:
All documents of the corporate entity must be certified by a Lawyer or Certified Public Accountant
Incorporation of Delaware Limited Liability Company begins from USD 1,750/-
Global Business Services DMCC has helped many individuals and corporate entities to set up Delaware Limited Liability Company. Our Company acts as a one stop solution for Delaware Limited Liability Company incorporation services.
If you are looking for Delaware Limited Liability Company set up, please get in touch with us for professional assistance.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.