Each state has different requirements for forming a limited liability company (LLC). Whether you are starting a business or forming an LLC for a business already in existence, you'll want to understand the state requirements for LLC formation.
At BizFilings, we clearly outline our fees and the Delaware state fees. When you view our pricing to form an LLC you plainly see:
The LLC name must contain the words "Limited Liability Company," or the abbreviation "LLC" or "L.L.C." A name must be distinguishable upon the Secretary of State's records from the names of other domestic or foreign business entities, series, reserved and registered names. There are restrictions on the use of the word "bank" or a variation thereof.
The following are Delaware’s requirements for the members/managers of LLCs:
The document required to form an LLC in Delaware is called the Certificate of Formation. The information required in the formation document varies by state. Delaware's requirements include:
Delaware does not have specific provisions authorizing an entity called a professional limited liability company (PLLC) . But professionals can choose to operate their business as a regular LLC.
Delaware does not have an initial report or publication requirement for LLCs.
Annual report and franchise tax. Delaware requires LLCs to pay an annual tax of $300 due on or before June 1. There is no annual report.
Licenses. Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
Federal tax identification number (EIN). An EIN is required for LLCs who will have employees. Additionally, most banks require an EIN in order to open a business bank account.
State tax identification number. Delaware does not require a state tax identification number.
View the following additional resources BizFilings has for forming and maintaining companies in Delaware:
The state in which you form your company can provide certain benefits.
Start your business with confidence. We offer various incorporation packages to get your business up and running. Starting from $99 and includes 6 months FREE Registered Agent services.