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.
Type of EntityLLC
Type of LawCommon Law
Shelf Company availabilityYes
Our Time to establish a new company2 Working Days
Taxation on foreign incomeNil
Double Taxation treaty accessYes
Standard currency of share capitalNot Applicable
Other permitted currencies of capitalNot Applicable
Minimum paid up share capitalNot Applicable
Usual authorized share capitalNot Applicable
Minimum number of Directors/Managers1
Local Directors/Managers requiredNo
Publicly accessible record of directors/ManagersOn Formation
Locations of directors/managers meetingAnywhere
Minimum number of members1
Publicly accessible record of membersVaries by state
Location of members meetingsAnywhere
Company Secretary requiredNot Applicable
Local or Qualified company secretary requiredNot Applicable
Requirement for Audited accountsNo
Requirement to file accountsNo
Publicly accessible accountsNo
Requirement to file annual returnNo
Change in Domicile permittedWithin USA only
Requirement to prepare accountsYes
Bearer sharesN/A

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