All about Delaware Company Formation

Delaware is a popular choice for doing any business because of its modern and flexible corporate laws, its highly-respected judiciary and legal community, and its business-friendly government.

Follow these steps to form a new company in Delaware.
• Choose a company type among corporation, limited liability company, limited partnership, etc.
• Get a registered agent, an individual or a business entity that is authorized to do business in Delaware and has a physical street address in the state. The registered agent will receive legal notices and correspondence on behalf of your business.
• File documents, like a certificate of incorporation or formation, or Qualification Certificate of a Foreign Corporation depending on your entity type.

Please watch the video given below to get more details:

Some of the information required in these documents:
• The name of your entity, which must be distinguishable from other entities registered in Delaware and comply with certain naming rules.
• The name and address of your registered agent.
• The purpose of your entity, which can be general or specific depending on your preference.
• The number and type of shares authorized for a corporation, or the duration and management structure for a limited liability company.
• The name and address of the incorporator for a corporation, or the name and signature of the authorized person for a limited liability company.

Advantages:

• Delaware provides a lot of flexibility for structuring your corporation. Delaware law allows just one person to hold the role of officer, director, and shareholder, which is attractive to small businesses.
• Delaware offers greater privacy. When you set up a company in Delaware, you don't need to disclose your directors' and officers' names to the state. This allows for anonymity and protection from unwanted solicitations.
• Investors prefer Delaware corporations. If you are going to look for angel investors or venture capital, most of them prefer Delaware companies. This is because they are familiar with Delaware's corporate laws and trust the state's court system.
• Delaware peovides some tax advantages. Delaware doesn't impose income tax on corporations registered in the state that don't do business in the state. Also, shareholders who don't reside in Delaware need not pay tax on shares in the state.