Choose Us to Open Your Corporation or LLC in Delaware

Microbiz Accounting Financial and Business Services LLC has been helping entrepreneurs open their businesses for over 20 years. Our clients choose us because we help you understand the process of opening your LLC or corporation and work with you every step of the way, so you're not left in the dark once your paperwork is submitted to the state. Also, because we are an accounting firm, we can help you with your tax and accounting needs un the future.

The biggest reason Delaware has attracted the eye of corporations across the world is the lenient taxes imposed by the state. Corporations registered in Delaware that do not do business in the state do not pay corporate income tax. Delaware also does not have a sales tax, investment income taxes, inheritance taxes or personal property taxes. While companies do have to pay a franchise tax to register in Delaware, this can be pennies compared to the income tax other states would charge. Delaware also offers loopholes for national companies that do conduct business in Delaware to avoid paying taxes to the state. An LLC choosing to be taxed as a corporation can also get the same tax benefits. 

 When you form an LLC or corporation, most states require you to disclose the name and address of the members (for an LLC) or the directors and officers (for a corporation) in the formation documents. That information becomes a public record, making it easier for anyone to find out what you own. Delaware does not have this requirement. 

You are required to have a registered agent who maintains a physical address to be the official address and to receive mail and collect paperwork. In Delaware, the registered agent is the only name that must be disclosed in association with the company. That registered agent can be a third party offering such a service (and does not have to be an officer or member, allowinga a level of anonymity). Also, because of this lack of reporting, officers, directors and shareholders are also not required to maintain residency in Delaware. 

 Instead of a traditional trial system, corporate lawsuits in Delaware are resolved by the Court of Chancery, a court made up of judges who specialize in corporate law. Because of this, Delaware has well-developed and predictable legal precedents that may benefit corporations and LLCs. While the average civil lawsuit may take a number of years to resolve, Delaware’s use of judges instead of juries and prioritization of corporate-related cases means similar cases can be decided more quickly. The Court of Chancery maintains the most advanced and up-to-date case law, which corporate lawyers in Delaware rely on and refer to. This means that Delaware LLCs and corporations owners/shareholders will have decreased liability and litigation.