State of Delaware

  

General information

The United States LLC is a distinct business entity that offers an alternative to partnerships and corporations by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation.

Currency: US Dollar
Language: English
Type of law: Common Law
Type of Company: Limited Liability Company (LLC)
Uses: US LLCs are popular vehicles for conducting international business
Trading Restriction:

Not subject to US Federal Tax if the members are non-resident, no business is conducted in the US and has no US source income

Company name:

Restriction: Cannot be in conflict with pre-existing  company within the State.  Not allowed to use words such as bank, trust, insurance or reinsurance.
Language: Any languages that use Latin Alphabet.  The State may request an English translation if a foreign language name is used.
Suffixes: Name should terminate in the words Limited Liability Company or LLC

Language of legislation and corporate documents:

English 
Taxation:

US LLCs with non-resident members and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return

Annual license fee:

USD200

Registered Agent / Office:

Must maintain a registered office in the state of incorporation at the office of a registered agent

Members:

Minimum number: One
Publicly accessible records: No

Disclosure of Beneficial Owner:

Not publicly available
Managers: Can be corporate or natural person
Nationality: No restriction
Publicly accessible records: Yes for Delaware and Washington DC, No for New York
Location of meetings: No restriction
 Secretary: Local or qualified: Not restriction
 Annual Reporting:

Must file annual report along with license fee.  No requirement to file accounts

 Shelf company: No

 

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