Delaware Business Filings
Delaware Business Filings Information
Delaware business filings. More business entities are formed in Delaware than any other state in America, and for good reason. Delaware is the business capital of the country with strong corporate laws based in the precedents written by the state’s Court of Chancery.
We also provide domain name, website, email, and phone service so you can get your business on the web and taking calls in minutes—add our business presence package to any business formation or registered agent order at no additional upfront cost.
Corporate filings in Delaware can be incredibly complex, especially for those who have never handled business filings with the Division of Corporations before. CFS employs a local Delaware filing staff with decades of experience in Delaware business filings and business law.
There are three stages of Delaware corporate filings:
- Before You File
- Formation
- Annual Maintenance
Before You File
Forming a business entity should not be done willy-nilly. There are many elements to be addressed before any filings are submitted. Businesses that plan properly and invest time before formation will find fewer roadblocks later on down the road and set themselves up for greater success.
Name Availability and Reservation
Every business entity is registered with the Delaware Division of Corporations. When forming a new corporation or LLC, you cannot register a name that is already in use by another company. It is simple enough to conduct a Delaware Entity Search to check for availability.
Names of entities must conform to state law. The DE General Corporation Law governs the naming of corporations, and the DE Limited Liability Act lays out the restrictions for LLC names.
To ensure that your entity name is available upon filing, it is possible to submit a Delaware Name Reservation Application. Reservations are held for 120 days.
Governing Document
Business entities need a governing document. For a Delaware LLC, this document is known as an Operating Agreement. For a Delaware corporation, it is called Corporate Bylaws.
A governing document lays out the ownership of the LLC or corporation, the roles and duties of management, and basic management structure. Issues such as how ownership units can be bought and sold, how conflicts of interest will be handled, and the format for annual meetings are all addressed in a governing document.
At CFS, we prepare governing documents for our clients as part of their formation package.
Delaware Business Formation and Registration
Domestic Formation
Forming a business in Delaware requires the filing of a formation document with the Division of Corporations. The document is different for each entity.
- Delaware LLC: Certificate of Formation
- Delaware Corporation: Certificate of Incorporation
LLCs pay a $110 formation fee. Corporations are assessed a minimum fee of $109 (the total fee is based upon initial capital).
Out-of-State Registration
Foreign entities registering to do business in Delaware must also submit applications to the Division of Corporations.
- Foreign LLC: Certificate of Registration
- Foreign Corporation: Qualification Certificate
A Delaware foreign LLC registration requires the submission of a Certificate of Existence from an entity’s home state, as well as a $200 filing fee.
A Delaware foreign corporation qualification requires the submission of a Certificate of Existence from a corporation’s home jurisdiction, as well as a $245 filing fee.
Delaware Registered Agent
Every corporation and LLC doing business in the state must appoint a Delaware registered agent. A registered agent accepts service of process and legal correspondence on behalf of a business.
We provide Delaware registered agent service for $99 per year (or see our multi-year service deals). If you already have an agent, we can help you change your Delaware registered agent.
Delaware Business Presence
Strengthen your branding and project a professional image with our business presence package. Get a custom domain and a pre-built, open-source website that’s easy to set up and personalize, plus up to 10 email addresses at your domain. Your domain name and your website data belong to you, and we give you website security with an SSL certificate. Through our virtual phone service, you get a dedicated business line with an area code in your state and convenient access through our smartphone app or a web browser.
Domain service is free for a full year. Everything else is free for 90 days and just $9/month after that. These services can be ordered together or separately, and you can cancel any service at any time.
Annual Maintenance
Delaware LLC
Delaware LLCs are not required to file an Annual Report but must still pay an Annual Tax of $300. This tax is due each year by June 1.
Delaware Corporation
Delaware corporations must submit an Annual Report each year by March 1. There is a $50 filing fee. In addition to the Annual Report, corporations must also pay a Franchise Tax Fee, which is based on the company’s authorized stock. The minimum fee is $175, although there are different ways to calculate the Delaware Franchise Tax.