When filing in Delaware, neither the member nor manager’s name or address are required in any initial filing documents. The members are not listed on the Delaware Division of Corporations’ website as they are in some other states. The names and contact information of members are typically only kept in the Operating Agreement, which is […]
Continue Reading“What is the best state to form an LLC?” is one of the most common questions entrepreneurs ask before starting a business. The truth is, the U.S. Constitution enables you to form an LLC in any state and use that LLC anywhere in the USA. Although all states have LLC’s, most of those states lack […]
Continue ReadingYes, you are allowed to operate a Delaware LLC for any legal business in every state in the USA. Under the US Constitution, your Delaware LLC is viewed as a legal “person” and other states cannot discriminate against this “person” based on where he/she/it was born or incorporated. This is protected under the full faith […]
Continue ReadingYes, Delaware Corporations and LLCs can qualify to do business in all 50 states and in foreign countries. To qualify to do business in other states, you will have to apply to the state government. Usually, this involves applying to the Secretary of State for a Certificate of Qualification, although who you apply to and […]
Continue ReadingNo. Delaware does not have a minimum capital requirement to incorporate a corporation or form an LLC. When incorporating in Delaware, a corporation must designate the amount of common stock (shares) that the corporation is authorized to issue and the par value for each (share of or type of) stock. “Par value” is the minimum value that […]
Continue ReadingIt can be difficult to decide between an LLC vs. a corporation when you’re first incorporating. But what’s the difference between an LLC and corporation? There are actually a lot of nuances to consider. Which type of entity you choose will impact your yearly fees, whether you have to hold annual meetings, and how you […]
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