| DELAWARE |
| Name |
Must contain words Association, Company, Corporation, Club, Foundation, Fund, Incorporated, Institute, Society, Union, Syndicate, Assoc., Inc., Corp., Co, Soc., Limited Liability Company, Limited, L.L.C., LLC or Ltd. Fictitious names are filed in the Office of the Prothonotary. |
| Information about Directors and Officers |
Company must have at least one Director. No requirements for residence or age. Director can hold all officers positions. It is not required to list Directors and Officers in the Articles of Incorporation. |
| Requirements for address |
Home or Office street can be considered as company address. P.O. Box is admissible for Incorporations only. |
| Registered Agent |
Registered Agent is required if you do not live or have an office in Delaware. Otherwise, you can be your Own Registered Agent. |
| Shares/Stock information |
You may authorize up to 1,500 shares to at no par value to incur the minimum-filing fee of $50. More shares will increase fees. |
| Annual statement |
Annual Statement must be filed with Secretary of State. Payment must be made by March 1st. Cost is $50 and consists of $30 franchise tax and $20 annual statement fee. The franchise tax is based on the number of shares and the par value, and if the number of shares is above 3000 the annual fee may decrease. |
| State fees |
State fee is $50 filing fee plus $24 county fee. |
| Income tax rate |
Corporations not located in Delaware do not pay income tax. The Corporations located in Delaware have to pay 8.7% income tax rate. |
| Franchise tax |
If corporation is located in Delaware it has to pay income taxes follows: up to 3,000 Shares is $30; from 3.001 to 5,000 is $50; from 5,001 to 10,000 is $90; more than 10,000 is $90 + $ 50 for every 10,000 shares or part thereof over 10,000. If your shares is above 3,000 income tax rate can be lower. |
| S Corporations |
Status is recognized by the State. A separate State election from federal election is not required. |
| License requirements |
Some businesses must obtain a license and pay fee if operating in the State. Check with the State to make sure your business is complying with the license requirements for your particular profession. |
| Corporate records |
Certificate of Incorporation; Bylaws; certain resolutions adopted by board of directors; minutes of all shareholders' meetings; records of all actions taken by shareholders without a meeting for the past three years; a list of names and addresses of current directors and officers; and the most recent annual report must be kept at the Corporation's principal office. |
