Limited Liability Company - Delaware
Delaware has become the home for America’s premier corporations. Limited Liability Companies (LLC’s) in Delaware are governed by the US Delaware Corporation Law and offer a quick, inexpensive and are a recognizable, quick and inexpensive process of company formation. The US LLC is not a partnership or a corporation instead it is a distinct business entity that offers an alternative to partnerships and corporations.
Some of the key features are listed below:
Advantages and Benefits
- Non-resident can incorporate a company in Delaware and can also be owned by corporations, partnerships, trusts, charitable organizations and pension plans.
- Delaware LLC is legally registered US company
- Protection of assets from creditors, liabilities and excessive taxation
- Low incorporation and administration fees, Delaware LLC’s are often used for American trading situations
- Quick incorporation procedures
- Readily understandable corporate law
- Conversion between corporations & LLCs possible
- LLC offices are allowed any where in the world
- No tax on capital stock and assets
- Owners and managers of an LLC remain anonymous
- No sales or intangible personal property tax
- Shareholders are referred to as “Members”
- Non-resident members are not liable for tax
- Permitted use of registered agent address, no requirement of local address
- No minimum capital investment
- No license required for Delaware corporation not operating in Delaware
- No statutory requirements concerning meetings of members or record keeping.
| Jurisdiction | Delaware |
| Type of Entity | LLC |
| Type of Law | Common Law |
| Shelf Company availability | Yes |
| Our Time to establish a new company | 2 Working Days |
| Taxation on foreign income | Nil |
| Double Taxation treaty access | Yes |
| Standard currency of share capital | Not Applicable |
| Other permitted currencies of capital | Not Applicable |
| Minimum paid up share capital | Not Applicable |
| Usual authorized share capital | Not Applicable |
| Minimum number of Directors/Managers | 1 |
| Local Directors/Managers required | No |
| Publicly accessible record of directors/Managers | On Formation |
| Locations of directors/managers meeting | Anywhere |
| Minimum number of members | 1 |
| Publicly accessible record of members | Varies by state |
| Location of members meetings | Anywhere |
| Company Secretary required | Not Applicable |
| Local or Qualified company secretary required | Not Applicable |
| Requirement for Audited accounts | No |
| Requirement to file accounts | No |
| Publicly accessible accounts | No |
| Requirement to file annual return | No |
| Change in Domicile permitted | Within USA only |
| Requirement to prepare accounts | Yes |
| Bearer shares | N/A |