Incorporate/Register a Company with Bank Account in Delaware
Note: Delaware is a premier jurisdiction for business incorporation due to its business-friendly laws, efficient legal processes, and favorable tax structure. BVML offers comprehensive services for incorporating and registering a company in Delaware, providing businesses with expert support to establish a legal presence in one of the most attractive business environments in the United States.
Types of Business Entities
In Delaware, the primary types of business entities for incorporation are:
Corporation (C-Corp or S-Corp): Ideal for businesses seeking to raise capital through the issuance of shares. C-Corps are subject to federal corporate income tax, while S-Corps offer tax benefits for smaller businesses with pass-through taxation.
Limited Liability Company (LLC): A flexible entity combining features of a corporation and a partnership. LLCs provide limited liability protection for owners and offer flexible management structures and tax options.
Limited Partnership (LP): Consists of general partners who manage the business and limited partners who contribute capital but have limited liability. LPs are often used for investment ventures.
General Partnership: A simpler structure where all partners share responsibility and liability. This entity is less common for new businesses due to its lack of liability protection.
Incorporation Process
Choose a Business Name: Select a unique name for the company that complies with Delaware’s naming regulations. BVML assists in name reservation and ensures that the chosen name is available and compliant with state laws.
Prepare and File Legal Documents: Prepare essential documents including the Certificate of Incorporation for corporations or the Certificate of Formation for LLCs. BVML handles the drafting and filing of these documents with the Delaware Division of Corporations.
Designate a Registered Agent: Appoint a registered agent with a physical address in Delaware to receive legal documents and official correspondence. BVML provides registered agent services to meet this requirement.
Obtain an Employer Identification Number (EIN): Apply for an EIN from the Internal Revenue Service (IRS), which is necessary for tax reporting and opening a bank account. BVML assists with the EIN application process.
Comply with Tax and Regulatory Requirements: Register for state taxes, if applicable, and meet Delaware’s regulatory obligations. BVML offers guidance on tax registrations, including annual franchise tax payments and annual report filings.
Open a Bank Account: Establish a business bank account for the new company. BVML helps in selecting a suitable bank and completing the required documentation.
Post-Incorporation Services: BVML offers ongoing administrative support including company secretarial services, annual report preparation, compliance monitoring, and assistance with corporate governance.
Benefits of Incorporating in Delaware
Business-Friendly Legal Environment: Delaware’s legal system is known for its advanced corporate laws and efficient court system, particularly the Delaware Court of Chancery, which specializes in corporate disputes.
Flexible Corporate Structures: Delaware law offers flexible management structures and various options for corporations and LLCs, catering to different business needs and goals.
Attractive Tax Policies: Delaware has no state corporate income tax for companies not doing business within the state, and there are no sales taxes on goods or services.
Privacy Protection: Delaware offers a high degree of privacy for business owners, with minimal disclosure requirements for the names of shareholders and directors.
BVML’s Expertise
BVML provides expert services for Delaware company incorporation, ensuring a smooth and efficient process from initial setup to ongoing management. Our team of professionals offers tailored solutions to meet the specific needs of each client, delivering comprehensive support throughout the incorporation process and beyond.
By choosing BVML, businesses benefit from our deep understanding of Delaware’s regulatory landscape and our commitment to providing high-quality service for a successful and compliant incorporation experience.
INCORPORATE/REGISTER A COMPANY WITH BANK ACCOUNT IN DELAWARE