Registering a business name in Delaware is done when you form your business entity (LLC or corporation) with the state. You must first choose your business structure, then do a business name search to ensure name availability. Afterward, you must form your entity with your business name with the state.
How much does it cost to register a business in Delaware?
Delaware Incorporation Fees
The state fee to incorporate in Delaware is a minimum of $89. This includes your Division of Corporation fees ($50), filing fee tax ($15 minimum), and the county fee ($24).
How do you check if a business name is taken in Delaware?
A Delaware LLC name check through the Secretary of State office allows you to determine whether another business already uses the name you’re considering. This tool is available at corp.delaware.gov.
How much does it cost to register an LLC in Delaware?
This being said, at a minimum, it will cost you $140 to start an LLC in Delaware — $90 fee to file your articles of organization, plus $50, the lowest fee for a state business license.
How do I start a small business in Delaware?
How to Start a Business in Delaware
- Choose a Business Idea. Take some time to explore and research ideas for your business. …
- Decide on a Legal Structure. …
- Choose a Name. …
- Create Your Business Entity. …
- Apply for Licenses and Permits. …
- Find a Business Location and Check Zoning. …
- File and Report Taxes. …
- Obtain Insurance.
Does Delaware require a business license?
Yes, a State of Delaware business license is needed in addition to any professional licenses. Please visit the Division of Professional Regulations to see which professions require additional licensure.
What is the Delaware loophole?
Often referred to as the “Delaware loophole,” the accounting strategy enables huge corporations to declare certain types of revenue in the state where the company is incorporated rather than in the state where the business operates and the revenue is earned.
Why do businesses register in Delaware?
There are two major reasons for Delaware’s dominance of the corporate incorporation business. … The other major reason corporations choose to incorporate in Delaware is the quality of Delaware courts and judges. Delaware has a special court, the Court of Chancery, to rule on corporate law disputes without juries.
Can an LLC and a corporation have the same name in Delaware?
The Name of Your Corporation Cannot Be Similar to Other Businesses in Delaware. Not only must your DE corporation name be unique, it cannot be similar to another corporation or LLC name in Delaware.
How do I find out who owns a business in Delaware?
You can find information on any corporation or business entity in Delaware or another state by performing a search on the Secretary of State website of the state or territory where that corporation is registered.
Do Delaware LLC pay taxes?
Delaware treats a single-member “disregarded entity” as a sole proprietorship for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the State of Delaware.
Can I register my LLC in Delaware?
Forming an LLC in Delaware Is easy. To form an LLC in Delaware you will need to file a Certificate of Formation with the Delaware Department of State, which costs $90. You can apply by mail or in person. The Certificate of Formation is the legal document that officially creates your Delaware limited liability company.
What is the cheapest state to form an LLC?
Cheapest States to Form an LLC
- Kentucky — Filing fee: $40. Renewal fee: $15. …
- Arkansas — Filing fee: $45. Renewal fee: $150. …
- Arizona — Filing fee: $50. Renewal fee: $0. …
- Mississippi — Filing fee: $50. …
- Missouri — Filing fee: $50. …
- New Mexico — Filing fee: $50. …
- Colorado — Filing fee: $50. …
- Hawaii — Filing fee: $50.
Do you need a business license for a sole proprietorship in Delaware?
Obtain Business Licenses and Permits
There isn’t a requirement in Delaware for sole proprietors to acquire a general business license, but depending on the nature of your business you may need other licenses and/or permits to operate in a compliant fashion.
What’s better LLC or sole proprietorship?
A sole proprietorship is useful for small scale, low-profit and low-risk businesses. A sole proprietorship doesn’t protect your personal assets. An LLC is the best choice for most small business owners because LLCs can protect your personal assets.
How do I register a sole proprietorship in Delaware?
To operate a sole proprietorship in Delaware, you do not have to register with the state. Also, you can conduct your business using your own name instead of an assumed or fictitious name, or a trade name. You must, however, formally register with the state if you use a name that is different from your own name.