Set up a Corporation LLC or NonProfit in Delaware

Corporate Name Endings
*The corporate name ending must contain: "association," "company," corporation," "club," "foundation, "fund," "incorporated," "institute," society," "union," "syndicate," or limited," or one of the abbreviations "co.", corp.", "inc.", "ltd.", or words or abbreviations of like import in other languages. The name must be distinguishable from the names of other corporations organized, reserved or registered as a foreign corporation under the laws of Delaware. Use of word "trust" is prohibited except for corporations under supervision of Bank Commissioner.

  Articles of Incorporation Requirements
Director Information

• Minimum Number - One or more.
• Residence Requirements. - No provision.
• Age Requirements - None.
• Directors are not required to be listed in the articles of incorporation.

Officer Information

• The officers are not required to be listed in the articles of incorporation.

Stock Information

• An increase in shares or par value does effect initial fees.

  Yearly Requirements
Annual Statements

• The annual statements are sent out to the registered agent in December and January. The payment is due by March 1st. The fee is $50, provided the number of shares is 1500 at no par value. If the shares are more than the above amount see section VII.

Income Tax Rate

• Corporations that are not located in Delaware do not pay an income tax.
• Schedule of rates based on number of authorized shares is as follows [Del. C., Title 8, S:503]:
  Authorized Shares Tax
  Up to and including 3,000 $30
  Over 3,000 up to and including 5,000 shares $50
  Over 5,000 up to and including 10,000 shares $90
  Over 10,000 shares $90 plus $50 for each 10,000 shares or part thereof
  over 10,000
• Alternative rates for computing tax assumed no-par capital.
• Schedule of rates based on assumed capital of no-par stock is as follows:
  Assumed no-par capital Tax
  Up to and including $300,000 $30
  Over $300,000 up to and including $500,000 $35
  Over $500,000 up to and including $1,000,000 $90
  Over $1,000,000 $90 plus $50 for each $1,000,000 or part thereof
  over $1,000,000
• Each no-par share must be considered as having a value of $1. Minimum tax, $30; maximum tax, $150,000.
• Income tax rate for Business actually located in Delaware is: 8.7%.

Features: Shareholders have limited liability protection May be listed and traded as a public corporation on the stock market or "over the counter" Has a separate and independent tax status from its owners       Learn More Features: Profits are not subject to "double taxation" Corporate losses may be "passed through" to share holders Shareholders are afforded the same protection as C Corp.     Learn More Features: Contains characteristics of both corporation and partnership Shareholders may take advantage of "Pass-Through" Taxation Limited liability for share holders     Learn More Features: Eligible for tax-exempt status Limited Liability protection Qualify for public and private gains     Learn More