Delaware Guides & FAQs

Explore our latest updates and helpful guides for starting your business in Delaware

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Company Incorporation

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Tax & Compliance Requirements

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Others

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Frequently Asked Questions

Corporate taxation in Delaware

No. A Delaware LLC is not subject to state corporate income tax on its income generated outside of Delaware.

There is also no state tax, local sales tax, tax on interest, royalty payments and other investment income on a Delaware LLC.

Types of entities in Delaware

Legal types of business entities under the Delaware laws include:

  • Sole Proprietorship
  • General Partnership
  • Limited Partnership
  • Corporation
  • Limited Liability Company
  • Limited Liability Partnership

Prominent among those, LLC is regarded as the most widely chosen business structure for foreign entrepreneurs.

Delaware company directors/members

At least one member is required to set up a Delaware LLC.

No. The identities and personal information in relation to company owners shall be kept confidential.

Share capital

No. All LLCs in Delaware are not allowed to issue bearer shares.

There is no minimum registered capital requirement for a limited liability company in Delaware.

Annual maintenance

Two main annual compliance requirements for an LLC in Delaware include:

  • Maintain registered agent
  • Pay an annual tax (franchise tax) of $300.00 (Due date for annual taxes in Delaware typically falls on or before 1st June)

There is no requirement for a Delaware LLC to file an annual report.

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