Starting up a Business in the First State: a Few Tips
Delaware is easily the US most influential business environment: publicly traded companies registered here are 50% of the country’s total. Even more significantly, 63% of companies in Fortune 500 are also based in Delaware.
With such a high business standards, starting up a business in the state of Delaware is in fact simpler than many of you would imagine. The procedure is quite straight-forward as long as you follow all the steps you’re expected to follow by law: as you go ahead after deciding to create your own company, it will just be a matter of meticulousness in order to enjoy the great opportunities lying ahead.
As you think of joining their big names, unless you’re thinking of starting a non-profit association or you’re going to be the sole proprietor, the Delaware Division of Corporations will be the institution you’ll have to file with if you’re starting a Corporation, a Limited Liability Company, a Limited Partnership, a Statutory Trust or a General Partnership. Before doing this, however, an Attorney or a Certified Public Accountant will give you all the advice you may need.
In order to register your company, you will need to rely on a Delaware-based Registered Agent, an individual with an address in this State. However, you may not need a Registered Agent if your company is already based in Delaware.
The next step will be then reserving a name for your entity, something that can easily be done on the State’s government website. If you want the name of your company to be utterly unique, why not make sure it doesn’t match those of other American Companies, whose register is available online, or even British counterparts? To check overseas competitors at a later stage you may even want to look up credit score at Duedil.com.
For all the documents you need to start a company, on the Delaware State’s website you will find printable formation forms which should simply be filled and faxed or emailed over to the State’s Division of Corporations, along with cover sheet including name, return address and form number.
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