Limited Liability Company or Corporation?

Delaware is the Best State for Incorporating1

Limited Liability Company (LLC)

The LLC is the most popular business choice because of its flexibility, protection and tax advantages. There are no meeting requirements and few corporate formalities. All LLCs require an Operating Agreement.

Corporation

A corporation is owned by its shareholders and managed by its directors and officers. This is not recommended for most small businesses because of its complexity and many requirements, including bylaws, annual meetings and annual reports.

LLC

Corporation

Ownership

Members own "Interests"

Shareholders own Stock

Who Manages the Business?

Members and/or Manager

Shareholders elect board of directors,who appoint officers

Annual Filing to the State

No Annual Report RequiredFlat fee of $300 paid to the state

Annual Reports Listing DirectorsMinimum fee of $225* paid to the state

Tax Options

3 Tax Election Choices(Partnership/Sole Proprietorship, S or C Corporation)

S or C Corporation

Owner Liability

Liability limited to assets of LLC

Liability limited to assets of corporation

Filing Fee

$90

$89

* Fee estimate is for a minimum stock corporation and could be higher.

LLC

  • Ownership

    Members own "Interests"

  • Who Manages the Business?

    Members and/or Manager

  • Annual Filing to the State

    No Annual Report RequiredFlat fee of $300 paid to the state

  • Tax Options

    3 Tax Election Choices(Partnership/Sole Proprietorship, S or C Corporation)

  • Owner Liability

    Liability limited to assets of LLC

  • Filing Fee

    $90

Corporation

  • Ownership

    Shareholders own Stock

  • Who Manages the Business?

    Shareholders elect board of directors,who appoint officers

  • Annual Filing to the State

    Annual Reports Listing DirectorsMinimum fee of $225* paid to the state

  • Tax Options

    S or C Corporation

  • Owner Liability

    Liability limited to assets of corporation

  • Filing Fee

    $99

* Fee estimate is for a minimum stock corporation and could be higher.

How to Start Your Business

The process is easy.
Either walk in and see us or get started online.

Complete LLC Starter Kit - $298 Total

Recommended for Delaware Residents Only
  • Name Search - Free
  • Delaware Filing Fee - $90
  • LLC Certificate of Formation
  • First Year Registered Agent Service - $90 Delaware residents may opt out to be their own agent - $99/year subsequent years
  • 20-Page LLC Operating Agreement - $108 Professionally Prepared ($175 Value), Listing Owners and Managers
  • Delaware Business License Coaching - Free
  • Processing and Postage - $9
Get Started

Global Delaware + IncNow

Global Delaware and IncNow are committed to assisting Delaware residents with starting a business and keeping the business in good standing. Our Delaware LLC pros are here to help you start your business quickly and easily.

IncNow, a commercial registered agent, has been serving Delaware entrepreneurs for over 40 years. We coach you through the business formation process.