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Delaware LLC nuts and bolts
wildwestica

10+ Year Member



 
Msg#: 333 posted 7:32 pm on Feb 11, 2003 (gmt 0)

Hello, I will form an LLC through Delaware. What are the nuts and bolts of registration? For example, can I register directly through the state of Delaware or do I pay a third party? If a third party can you recommend one? Thank you.

 

Mardi_Gras

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 333 posted 7:39 pm on Feb 11, 2003 (gmt 0)

Probably the best source for that info would be the state itself. Try:

[state.de.us...]

JayC

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 333 posted 7:42 pm on Feb 11, 2003 (gmt 0)

You can do it yourself, just send in a simple form and a check.

But -- since you're asking -- are you sure it's the right thing? There's a lot of hype about the benefits of formalizing a business entity in Delaware, but many of the advantages are meaningless to small closely held businesses (as your LLC, I assume, will be), and there are disadvantages and expenses that you won't have if you stay within your own state. For example, you'll need to pay a registered agent in Delaware, and you may need to file in your own state as a foreign corporation.

This of course assumes you're in the US to begin with. Anyway, it's a complicated decision and it'd make sense to talk to a local tax accountant to get advice about your particular situation.

Anyway, a good place to start for general information about forming a business in Delaware is the website of the Delaware Division of Corporations. Keep in mind that much of the content on that site is their own sales pitch.

g1smd

WebmasterWorld Senior Member g1smd us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 333 posted 9:09 pm on Feb 22, 2003 (gmt 0)

For those of us outside the U S of A perhaps someone could give all a clue as to what this LLC means?

Darn jargon.

JayC

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 333 posted 9:20 pm on Feb 22, 2003 (gmt 0)

G1smd, LLC stands for "Limited Liability Company." It's a form of business entity, an option one make take instead of forming a corporation, partnership, sole proprietorship, etc.

As things are structured in the US, the LLC combines the liability advantages of a standard corporation with fewer formal recordkeeping requirements and with (usually) the simplifed "pass-through" tax arrangement of a partnership or sole proprietorship.

JamesR

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 333 posted 11:19 pm on Feb 26, 2003 (gmt 0)

If this is totally unfamiliar to you, it may be best to consult with a trusted accounted to see if this structure is right for you and your business at this point.

digitalbrain



 
Msg#: 333 posted 3:58 pm on Feb 28, 2003 (gmt 0)

if your business is too new there is no need to incorporate else you will end up paying taxes and your break-out point will be delayed

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