Delaware LLC

Why your business should have an EIN, even if it’s an LLC. Is the information you submit to the IRS about your business accessible to the public? Confused by some of the questions on the SS-4 form? We provide you guidance. If you have an LLC, you might wonder whether you need an EIN. An EIN, […]

An increasing number of people are finding themselves either self-employed or engaging in short-term employment arrangements. These individuals are typically actors, content creators, gig economy workers or consultants. These employment arrangements can come with many benefits, however, they may also pose a tricky tax situation.  An effective strategy for self employed individuals to reduce their […]

The best type of company for a small business is generally an LLC. Members own an LLC and either third-party managers or the members themselves manage it. It is a very flexible form of business, which accounts for why almost 75% of new businesses are LLCs today. The LLC Operating Agreement is the governing document […]

Benefit #1: Low Start-Up Costs The initial point of attraction for LLC formation in the state of Delaware is the low upfront costs of filing. The subsequent costs of maintaining the LLC are also low. The current minimum filing fee in the state of Delaware stands at $90. Owners forming a Delaware LLC experience remarkable […]

Choosing a Name For Your LLC When checking the name on the Division of Corporation’s website, the corporate ending should be dropped. A name can be considered in conflict with another entity type if the root is identical; whether the conflicting name is an LLC, corporation, LP, GP, LLP, Statutory Trust or any other entity […]

Can You Form a Delaware LLC If You Don’t Live in the U.S.? You do not need to be a US Citizen to be a member of a Delaware LLC. A Delaware LLC can be owned entirely by foreigners outside the United States. Alternatively, the Delaware LLC can be owned by a foreign corporation or […]