|Limited Liability Co.||Corporation|
|Bank Account in Singapore, Belize, Puerto Rico, Cook Islands, Switzerland or Mauritius||$750||$750|
Delaware has a long history as the preferred jurisdiction for incorporation in the United States. More than 850,000 business entities have their legal home in Delaware, including more then half of all U.S. public listed companies and over 60% of Fortune 500 businesses.
Corporation or LLC (Limited Liability Company)?
Both types of entities will protect your assets and have limited liability. A business that has been incorporated will allow you to "go public" and sell stock in your company. An LLC is a hybrid of a Corporation and Partnership, has a less formal air to it, offering greater flexibility for owners and enjoy "pass-through" taxation similar to that of a partnership. This allows an LLC to pass all its income and losses through to the owners.
Benefits of incorporating in Delaware
Key Corporate Features
|Type of Entity||Limited Liability Company (LLC)||Corporation|
|Type of law||Common & Statutory||Common & Statutory|
|Shelf Company Availability||Yes||Yes|
|Minimum Government Fees (Excluding Taxation)||US$ 300||US$ 225|
|Corporate Taxation||None*||None on Out-of-State Profits*|
|Double Taxation Treaty Access||Yes||Yes|
Share Capital or Equivalent
|Minimum Paid-up Capital||US$1.00||US$1.00|
|Directors or Managers|
|Minimum Number||One Manager||One Director|
|Public Access to Records||No||Yes|
|Location of Meetings||Anywhere||Anywhere|
|Public Access to Records||No||No|
|Location of Meetings||Anywhere||Anywhere|
|Company Secretary Required||No||Yes|
|Local or Qualified||Not Required||Not Required|
|Requirement to Prepare||Yes||Yes|
|Requirement to File accounts||No||No|
|Public Access to Accounts||No||No|
|Requirement to File Annual Return||No||Yes|
|Change of Domicile Permitted||Yes||Yes|
|* U.S. Tax laws apply, hence whether U.S. Federal Taxes will be due is subject to the circumstances of the particular company, shareholders and members and the portions of the U.S. tax code that apply to them.|
The State of Delaware is the second smallest state in America after Rhode Island and is situated on the east coast of the United States in the heart of the New England business, finance and IT corridor, mideway between New York and Washington, D.C.. The United States Census Bureau estimates that the population of Delaware was 907,135 on July 1, 2011, a 1.02% increase since the 2010 United States Census.
Delaware has a separate Court of Chancery that handles Corporation law cases quickly, competently and exclusively. Judges of this court are appointed on merit alone and not elected. The corporate law of Delaware are very user-friendly and is widely recognized as being one of the best in the country, often been used by other states as a standard for testing corporate laws. As a result, its corporate laws are familiar to many lawyers both domestically and internationally.
Infrastructure & Economy
Since the 1990s Delaware has become increasingly dependent on the finance and insurance sectors for employment and income, although manufacturing and agriculture are still important. The manufacturing, credit card, banking, and insurance industries are heavily concentrated in the north, while farming is carried on mainly below the Chesapeake and Delaware Canal . Chief agricultural products are broiler chickens, soybeans, corn, and dairy products. Potatoes and other vegetables are also grown. Delaware 's small fishing industry harvests mainly clams, menhaden and oysters.
Industries around Wilmington, especially the chemicals and materials company that was founded by the Du Pont family in the 19th cent. and that continues to be one of the largest in the world, also contribute to the state 's wealth. In addition to chemicals and chemical products, the biomedical, apparel, processed foods, rubber and plastic products, and transportation equipment industries are important. Dover Air Force Base is the largest military facility in the state.
• Exchange Control
• Type of Law
• Principal Corporate Legislation
• Type of Company for International Trade and Investment
• Restrictions on Trading
• Powers of Company
• Language of Legislation and Corporate Documents
• Shelf Companies Available
• Language of Name
• Registered Office Required
• Name Restrictions
• Suffixes to Denote Limited Liability
• Disclosure of Beneficial Ownership to Authorities?
• Classes of shares authorised