Reserving your business name is one of the initial procedures you must take if you’re opening a business in Delaware. The Delaware Division of Corporations website allows you to complete this straightforward process online. What you need to know is as follows:
You must visit the Delaware Division of Corporations website and submit a Name Reservation Request form in order to reserve a name for your company in Delaware. Your proposed business name, as well as your name and contact details, will be requested on the form. In addition, there is a $75 cost for submitting the form.
Your name will be safeguarded for 120 days after it has been reserved. You can use the name during this time to incorporate your firm or submit other required documents. Within 120 days, if you don’t use the name, it will be made accessible to other people.
Making sure a name is available before reserving it for your company is crucial. The Name Availability Search tool on the Delaware Division of Corporations website can be used for this. Simply enter the desired name, and the search tool will indicate whether it is available or not. Why Do People Form Corporations in Delaware? Due to Delaware’s business-friendly rules and regulations, many people decide to incorporate their enterprises there. Delaware has a business court system that has experience resolving complicated commercial matters, low corporate taxes, and a flexible business entity structure that makes management and ownership simple.
How to Register a Delaware Business Name Once your business name has been reserved, you must register it with the state of Delaware. Depending on the kind of company entity you’re founding, you can do this by submitting either a Certificate of Incorporation or a Certificate of Formation. On the website of the Delaware Division of Corporations, both applications can be completed online.
A Certificate of Good Standing is a record that certifies your company is in compliance with all applicable state laws and rules. You must file a request via the Delaware Division of Corporations website, pay a $50 charge, and receive a Certificate of Good Standing in Delaware. Depending on your selection, the certificate will either be mailed to you or given to you through email.
In conclusion, there are a number of processes involved in beginning a business in Delaware, including reserving a business name, filing for business registration, and receiving a Certificate of Good Standing. Fortunately, the Delaware Division of Corporations website makes it possible for these procedures to be done online, making it simple for business owners to establish and run their operations in the state.
You must submit a Certificate of Formation to the Delaware Secretary of State’s office in order to establish an LLC there. The name of the LLC, the name and address of the registered agent, and the names and addresses of the LLC’s members must all be listed on the certificate. A filing fee is also due. You will receive a certified copy of the certificate after it has been accepted, so preserve it for your records. After creating the LLC, you must register for state taxes and acquire any required business licenses and permits.