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Delaware Corporation - Details
Corporate name must end in one of the following: "association," "company," "corporation," "club," "foundation," "fund," "incorporated," "institute," "society," "union," "syndicate," or "limited," (or abbreviations thereof, with or without punctuation).
A corporate name must be distinguishable upon the records in the office of the Division of Corporations in the Department of State from the names of other Delaware business entities or foreign corporations authorized to transact business in Delaware.
Registered office address must be located in Delaware. Our incorporation fee includes Delaware registered office address and registered agent for the first year.
Principal office address (business address) may be in any country.
A minimum of one shareholder is required. Residents of any country, individuals and legal entities may become shareholders of Delaware corporations.
Directors and Officers
A resident of any country may be appointed as Director. A minimum of one director is required. Corporate directors and officers are not permitted.
Officers must be individuals, who are residents of any country. Positions of president, secretary and treasure are mandatory for each corporation.
One individual may be appointed as director, president, secretary and treasurer.
Corporation is a taxable legal entity. Each corporation is required to file corporate income tax return annually and pay taxes on all income received inside and outside of US.
Federal income tax rates depend from corporate taxable income and vary from 15% to 39% on worldwide net income.
Delaware state income tax rates are 8.7% on net income attributable to business in Delaware only.
Corporation is able to take tax deductions on business expenses (auto, office, etc.). Moreover, Corporation can provide tax free benefits for its employees, such as dental, medical and others.
Corporation is required to maintain appropriate accounting records and file annual income tax returns with US Internal Revenue Services. Corporations who are incorporated in Delaware and whose activities are limited to maintaining a statutory registered office and not conducting business within Delaware, are exempt from filing the Delaware Corporate Income Tax Return.
Incorporator's name and mailing address are listed in the articles of incorporation. The names and addresses of all the directors and the names and addresses of not more than 2 officers of the corporation are required to be listed in annual franchise tax report to the Secretary of State.
There are no public records about shareholders.
Any records maintained by a corporation in the regular course of its business, including its stock ledger, books of account, and minute books, must be kept in the corporation's principal office. The corporation's principal office can be in any country.
There is no audit requirement for Delaware corporations.
Annual Meeting of Shareholders
Meeting is required, and could be held in any country. The board of directors may, in its sole discretion, determine that the meeting may be held solely by means of remote communication. The failure to hold an annual meeting does not affect the validity of any corporate action.
Time Required for Incorporation
Incorporation of corporations in Delaware usually takes 2 to 5 business days.