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Who Can Incorporate in Delaware?
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Who Can Incorporate in Delaware?


By Andrew Millman Tuesday, December 9, 2014

who can incorporate in delawareBy now, most entrepreneurs know that Delaware is, hands-down, the best place to form a limited liability company (LLC).

 

You may be familiar with the numerous benefits and protections offered by Delaware’s strong corporate law structure from personal experience. It may have been recommended by your attorney or tax professional, or maybe you've done your own extensive research online.

 

The fact is, Delaware is well-known as the “Incorporation State” for both small businesses and large corporations alike. The state of Delaware offers the strongest corporate law structure, bar none. The question is, who can form an LLC in Delaware?

 

“I don’t live in Delaware, can I form a Delaware LLC?”

 

This is, by far, the most frequently asked question we hear. The answer is, yes, anyone in the world can form a Delaware LLC!

 

The state of Delaware does not restrict non-U.S. residents from owning or managing Delaware LLCs, nor do they require any physical presence in the state of Delaware, or even within the U.S., for that matter.

 

Delaware simply requires that you maintain a registered agent, such as Harvard Business Services. As the Registered Agent, we are responsible for all official correspondence from the Division of Corporations, as well as service of process.

 

Harvard Business Services currently acts as the Registered Agent for more than 57,000 Delaware companies.

 

When forming an LLC in Delaware, there is only one document that needs to be filed with the state—the Certificate of Formation. Delaware is unique when compared to most other states, as the information required (and available for public record) is minimal.

 

The Certificate of Formation must include the name of the Delaware LLC and the name and office address of the registered agent. The names of the members or managers are not required to prepare, execute, or file the Certificate of Formation. However, this must be handled by an authorized individual or company, such as Harvard Business Services, Inc.

 

Upon your authorization, we’ll prepare and file the certificate of formation with the Secretary of State. Once the filing is approved by the state of Delaware, we’ll release the LLC to the initial member(s) or manager(s) via the "Statement of the Authorized Person." We will prepare and execute this document for you. It is not provided to the state of Delaware and is not part of public record.

 

From this point on, traditionally, any membership or management changes in the LLC are handled within the LLC Operating Agreement. If the company opens a bank account or has U.S. source income, clients will work with a tax professional to determine their tax filing requirements in the U.S.A.

 

Reach out to one of our top-notch customer services representatives today via phone (800-345-2677), email, or live chat if you have any questions about setting up your Delaware LLC. We’re ready to help.

 

 

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