Can I register my LLC in Delaware?

Forming an LLC in Delaware Is easy. To form an LLC in Delaware you will need to file a Certificate of Formation with the Delaware Department of State, which costs $90. You can apply by mail or in person. The Certificate of Formation is the legal document that officially creates your Delaware limited liability company.

Can I form an LLC in Delaware if I live out of state?

When you operate a Delaware LLC that does business in a different state (most likely, your home state), you’ll need to register as a foreign entity. Registering requires additional filings, fees, and more yearly tax obligations—making this an option that’s rarely worth it.

Is there an advantage to forming an LLC in Delaware?

It offers three big advantages for out-of-state businesses organized as Delaware LLCs: … No sales tax if the LLC doesn’t do business in the state. No tax on intangible income, like trademark royalties, making Delaware an excellent choice for holding companies that own intellectual property.

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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.

How do I change my LLC to Delaware?

To convert your Delaware LLC to a Delaware corporation, you need to:

  1. get the LLC’s members to approve the conversion; and.
  2. file a certificate of conversion and certificate of incorporation with the Secretary of State.

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.

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.

What is the Delaware loophole?

Often referred to as the “Delaware loophole,” the accounting strategy enables huge corporations to declare certain types of revenue in the state where the company is incorporated rather than in the state where the business operates and the revenue is earned.

How much does it cost to register an LLC in Delaware?

This being said, at a minimum, it will cost you $140 to start an LLC in Delaware — $90 fee to file your articles of organization, plus $50, the lowest fee for a state business license.

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How do I register my business in Delaware?

How to Register a Business in Delaware for LLCs, Corporations, and DBAs

  1. Step 1: Decide on a Business Structure. …
  2. Step 2: Pick a Business Name. …
  3. Step 3: Register the Business. …
  4. Step 4: Obtain Your Federal Employer Identification Number. …
  5. Step 5: Open Company Bank and Credit Accounts. …
  6. Step 6: Set-up An Accounting System.

Can I live in a different state than my LLC?

Yes. You can register your LLC in a different state if you comply with the laws and regulations of both states.

How much does it cost to register a business in Delaware?

Licensing Fees and Services

The annual fee for a Delaware business license varies; however, the rate is generally $75.00 for a first location. A separate license is required for each separate business activity. After the first year, Delaware businesses may additionally opt to buy a three-year business license.

What is the cheapest state to form an LLC?

Cheapest States to Form an LLC

  • Kentucky — Filing fee: $40. Renewal fee: $15. …
  • Arkansas — Filing fee: $45. Renewal fee: $150. …
  • Arizona — Filing fee: $50. Renewal fee: $0. …
  • Mississippi — Filing fee: $50. …
  • Missouri — Filing fee: $50. …
  • New Mexico — Filing fee: $50. …
  • Colorado — Filing fee: $50. …
  • Hawaii — Filing fee: $50.

How do I move my business to Delaware?

Steps to Move a Corporation to Delaware

  1. Depending on the type of Corporation like Stock Corporation or Non-Stock Corporation, you will have to file a “Certificate of Incorporation” pursuant to 8 Del. …
  2. Certificate of good standing from the existing state of the business entity.
  3. Registration of Business Name.
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Can you convert an LLC to a Series LLC?

Yes, an existing LLC can be converted to a series LLC. The process varies by state, depending on whether the jurisdiction recognizes series LLCs.

How long does it take to convert Delaware LLC to C Corp?

How Long Does the Conversion Process Take? It takes about two weeks to process a Certificate of Conversion and a Certificate of Incorporation in Delaware. However, you can opt for expedited processing for an additional fee ($100 for Certificate of Incorporation and $200 for Certificate of Conversion).