Due to its tax rules and business-friendly regulations, Delaware is a well-liked state when it comes to forming corporations. There are several expenses associated with creating a Delaware C Corp that must be considered. In this post, we’ll talk about the fees involved in setting up a Delaware C Corp and respond to some related queries.
Depending on the kind of corporation you select, starting a Delaware company can cost different amounts. A Certificate of Incorporation must be submitted to the Delaware Secretary of State for a C Corp. There is a $89 filing fee for this document. Additionally, you will need to designate a registered agent who will accept legal documents on your company’s behalf. In Delaware, a registered agent costs $50 to $150 per year.
You must do the following standard actions in order to form a corporation in Delaware:
2. Submit a Certificate of Incorporation to the Secretary of State of Delaware. 3. Designate a registered agent. 4. Create the company’s bylaws.
Do LLCs in Delaware Pay Taxes Keeping This in Mind?
Yes, Delaware’s corporate income tax, which is imposed at a flat rate of 8.7% on taxable income produced within the state, is applicable to LLCs. The members will record the income on their individual tax returns, however, if your LLC is a pass-through entity, which means that the income is passed through to the members.
The amount of time it takes to establish a corporation in Delaware is based on how quickly you can compile and submit the required paperwork. The Delaware Secretary of State typically processes your Certificate of Incorporation in 1-2 weeks. You can, however, pay an extra cost for expedited processing if you require your application to be approved in less than 24 hours.
In conclusion, there are expenses associated with creating a Delaware C Corp, including filing fees for the Certificate of Incorporation and annual registered agent fees. The Certificate of Incorporation must be filed, a registered agent must be chosen, and bylaws must be written before a corporation can be formed in Delaware. The time it takes to incorporate a corporation in Delaware depends on how soon you can prepare and submit the required paperwork. LLCs are subject to Delaware’s corporate income tax.