Filing A Delaware LLC
If you’ve never formed a business before, you’ll quickly find that there are multiple structures from which you can choose. However, it’s likely in your best interest to file as a Delaware LLC. Not only can you do so relatively quickly, but filing as an LLC could protect you from corporate liabilities.
Steps To Filing a Delaware LLC
Choose A Name
When forming your Delaware LLC, the first thing that you must do is choose a name. This will be the name that represents your company in all legal proceedings, so you want to put care into selecting something that is meaningful and appropriate. Additionally, you’ll want to make sure that the name you desire is not already in use in the state of Delaware. You can do so by checking the Name Availability Check Page.
Lastly, the state of Delaware requires companies to include an indicator in their title. Companies must include something like “Limited Liability Company” or “L.L.C.” in their name. Failure to do so will prevent the state from accepting your new business name.
Choose A Registered Agent
Delaware LLCs must also select a registered agent to accept legal documents and notices of lawsuits on their behalf. The registered agent must be a resident of the state or a company authorized to conduct business there. The easiest way to go about finding someone to serve in this role is to hire a professional third-party company that offers quality registered agent services, like DoMyLLC.
File Certificate Of Formation & Pay Filing Fees
Once owners have secured their name and registered agent, they can begin filing their Certificate of Formation. In addition to submitting this document to the Division of Corporations, owners must also include the $90 filing fee. The state mandates that owners include:
- The name of the LLC, precisely as they wish for it to appear on their records
- The name and address of the registered agent
- A signature from an authorized person, in addition to a legible copy of this person’s name
File Initial Report
Delaware businesses are fortunate in that they do not have to file an Initial Report. However, LLCs must submit an annual report in the future.
Create An Operating Agreement And Hold Meetings
Those conducting business in Delaware may also find it worthwhile to draft an operating agreement. This document outlines who the members of the organization are, how they will structure the company, and how they will track their meetings.
Obtain Employer Identification Number
It’s also imperative that businesses take time to secure an Employer Identification Number. The United States Internal Revenue Service gives one of these numbers to every company, allowing the entity to file taxes and open a business banking account.
File State Required Annual Reports
It’s a bit easier to file an annual report in Delaware than it is in other states. LLCs must submit their annual $300 franchise tax by June 1.
Once you get your business up and running, your regulatory obligations are not finished. You have annual commitments ranging from filing taxes to securing business licenses and permits at the federal, state, and local levels.
How DoMyLLC Can Assist With Streamlining The Process
At DoMyLLC, we understand how much you care about your new business. That’s why we help streamline the process, assisting you with all of the administrative proceedings related to your Delaware LLC. Some of our services include:
- Name availability check
- Articles of Organization preparation
- Filing of the Certificate of Formation with the Division of Corporations
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
If you’re interested in learning more about the services we offer, be sure to contact us today. DoMyLLC can give you the edge that you need to take your business to the next level.