DELAWARE
An LLC is a relatively new type of entity in the U.S. It combines the limited liability of a corporation with the pass-through taxation of a partnership. Owners (or members, as they are called) of an LLC can be individuals or any type of entity, from anywhere in the world, and unlimited in number.
Using a Delaware LLC, non-resident aliens of the U.S. can legally avoid all U.S. federal taxes for their non U.S. business activities.
| General |
| Company law source |
Delaware Corporation Law |
| Company Name |
Names must be approved in advance |
| Company formation time |
24 - 48 hours |
| Ready made companies available? |
Yes |
| Minimum capital expected |
None |
| Capital Duty |
None |
| Number of members required |
No shares - 1 member required |
| Are shares of nil amounts / bearer shares possible? |
No shares. |
| Directors: lowest number / company directors permitted / locality |
One director. No location constraints. |
| Secretary: compulsory/ company secretary permitted / locality |
No / No / n/a |
| Are there obligations to have Registered Office or Agent? |
Yes / Yes |
| Is there information essential to the authorities before incorporation before tax position being given? |
No |
| What information can the public access about the company? |
Name of company, date of formation, status, registered agent and office. |
| What papers have to be held at company's Registered Office? |
None |
| Where are company records kept? |
Members generally keep them. |
| Do accounts need to be prepared and submitted? |
No / No |
| Is a yearly return compulsory? |
Yes |
| Do meetings have to be held in a particular place? |
No constraints |
| Any restrictions on money transfers? |
No |
| Tax arrangements with other countries? |
No |
For more information please
contact us.
