1. Select a Name for Your Company Choosing a name for your company is the first step in creating a single proprietorship in the state of Delaware. The name must be original and unclaimed by another company operating in the state. By using the name search feature on the Delaware Division of Corporations website, you can determine whether the chosen name is available.
You must register your company name with the Delaware Division of Corporations once you’ve decided on it. This can be completed in person, by mail, or online. To finish the registration procedure, you must supply your company name, address, and other necessary details.
3. Acquire All Required Licenses and Permits Before you may legally operate in Delaware, you might need to secure specific licenses and permits depending on the type of business you’re beginning. The Delaware Division of Small firm website has details on the various licenses and permissions needed for your firm.
4. File your taxes
As a sole proprietorship, you must use Schedule C on your personal tax return to list your business’s earnings and outlays. Obtaining an Employer Identification Number (EIN) from the IRS is also necessary if you intend to hire staff members or open a business bank account.
You can register a trade name with the Georgia Secretary of State if you want to register a DBA (Doing Business As) in Georgia. On the Georgia Secretary of State website, you can look up trade names that are currently available.
You can perform a name search on the California Secretary of State website to see if a name for an LLC is available in the state. You can form an LLC by submitting Articles of Organization to the state if the name is available.
You must submit a Certificate of Dissolution to the Delaware Division of Corporations in order to dissolve an entity in Delaware. An LLC in Delaware can be dissolved for $200.
Finally, establishing a sole proprietorship in Delaware is a simple procedure that can be finished in a few quick stages. You can register your company and begin conducting business legally in the state by following the instructions provided in this article. Also included are instructions on how to seek for a DBA in Georgia, determine whether an LLC is available in California, and dissolve an entity in Delaware. In order to avoid any legal issues, it is crucial to follow the correct procedures when founding or closing a firm.
The solution to the query has nothing to do with the article’s stated title. However, Delaware charges a $200 filing fee to dissolve an LLC. According on the specifics of the LLC, there can be additional charges and procedures. For more information, it is advised to speak with a lawyer or the Delaware Division of Corporations.