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Features of Limited Liability Companies
Features
Comparison
More Information
The company (entity type) our clients select most often is the Delaware Limited Liability Company (LLC). Here are some features of the Delaware LLC:
Reporting
- A Delaware LLC may file an Anonymous Certificate of Formation which does not name the Initial Members.
- A Delaware LLC is not required to file an Annual Report or hold annual meetings.
Income Tax
- There is no
Delaware state corporate income tax on goods or services provided by
Delaware corporations operating outside of
Delaware.
- There is no Delaware Sales Tax.
- An LLC may be eligible to elect to be taxed by the IRS as an Individual (Disregarded Entity), Partnership, S-Corporation or C-Corporation.
Liability
- The liability of all Members (owners) is limited to their investments in the LLC (unless they personally guarantee other debt incurred by the LLC, commit fraud or commingle funds).
Compliance
- A Delaware LLC is required by law to maintain a Registered Agent in the state of in the state of
Delaware. DBI will be your Delaware Registered Agent and the first 12 months of Registered Agent service is included with the purchase of a New Company Registration Package. The service is $100/year thereafter or $120/year outside the US.
- The annual Delaware LLC Tax is currently $250 a year and is a flat rate not dependent income, assets or activity.
- A Delaware LLC has the right to conduct Interstate Business and DBI can qualify a Delaware LLC to conduct Intrastate Business; please see the article on Qualification in the Delaware Incorporation Handbook for more information.
International
- Non-resident, Non-citizens are eligible to form an LLC in in
Delaware, please see our section for international businesses for more information.
- Non-Citizen Non-Residents with no US Source Income will not owe US Federal Income Tax.
Investment
- An LLC can raise capital by selling Membership Interest Shares which can be privately bought or sold but which cannot be listed on a public stock exchange.
- LLC's issue Membership Share Certificates instead of Stock Certificates.
Features
Comparison
More Information
Inc vs LLC Comparison
This article discusses in full detail every aspect of LLCs including taxation, management, formation and more.
This article discusses the Series LLC, a favorite of investors with multiple Real Estate holdings.
A quick overview that will introduce you to the topics you need to understand for the creation of a new company, includes information on how to order.
Download a FREE copy of this incredible reference source that discusses every aspect of forming a new company from before to after.
The DBI Learning Center includes articles on every relevant topic from opening a bank account to picking the best state in which to register. Also includes FAQ's and the complete Delaware LLC and Corporation statutes.
Call 1-800-423-2993 (1-302-996-5819), send us an email, or click Start Chat in the Live Help area in the upper right corner of our website for a FREE Consultation with an Incorporation Specialist. Incorporation Specialists are available Monday-Friday, 08:30AM-05:00PM US Eastern Standard Time.
To view the LLC Formation packages please click here if you are a US Resident or here if you live outside the US.
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