Delaware

Delaware is the second smallest state in the United States situated northeast on the Atlantic Coast. There is an estimated population of 800,000. The official language is English. This state offers attractive tax regulations, innovative corporate laws and the existence of a chancery court system. Delaware has long been considered the most popular jurisdiction for incorporation of holding companies and multinational corporations.

Highlights of Delaware LLC Companies:

  • No limitation on ownership of other corporations
  • Well developed professional infrastructure
  • No tax penalties on liquidation
  • Regulated financial services industry
  • Generally perpetual
  • Combines the corporate advantages of limited liability with partnership classification
  • Flexibility on class of shares.

General Information

Type of Company

Limited Liability Company (LLC)

Companies Law

Delaware Limited Liability Company Act

Minimum Director

One

Minimum Shareholder

One

Bearer Shares Permitted

N/A

Corporate Shareholders

Yes

Corporate Directors

Yes

Minimum License Fee

$250

Disclosure of Ownership

No

Corporate Seal Required

Yes