1.
|
Advantages
|
- Unquestionable Limited Liability
- Flexibility of operating under members agreement.
|
2.
|
Disadvantages
|
- Cannot have more than two of the four characteristics of a corporation.
- Not as widely known or accepted as a corporation.
|
3.
|
Company Status
|
|
n/a |
4.
|
Corporate legislation source
|
Delaware Corporation Law 1994-5 |
5.
|
Company Name
|
Prior name approval required |
6.
|
Time taken to incorporate
|
24 - 48 hours |
7.
|
Are shelf companies available?
|
Yes |
8.
|
Usual minimum capital
|
None required. |
9.
|
Capital Duty
|
None |
10.
|
Minimum number of shareholders
|
No shares - 1 member required (although two recommended for tax purposes) |
11.
|
Are bearer shares/shares of no par value possible?
|
No shares. |
12.
|
Directors: minimum number / corporate directors allowed / location
|
No directors, only members. No location requirements. |
13.
|
Secretary: mandatory / corporate secretary allowed / location
|
No / No / n/a |
14.
|
Is there a requirement for a Registered Office / Registered Agent?
|
Yes / Yes |
15.
|
Is any information required by the authorities prior to incorporation or prior to tax status being granted?
|
No |
16.
|
What information is available on the public file?
|
Name of Company, date of formation, status, registered agent and office. |
17.
|
What documents must be kept at the Registered Office?
|
None |
18.
|
Corporate books & seal
|
Kept with the members. |
19.
|
Are accounts required / filed?
|
No / No |
20.
|
Is an annual return required?
|
Yes |
21.
|
Where are meetings to be held?
|
No restriction |
22.
|
Annual fees payable to the government: Tax
|
$200 |
23.
|
Are there any exchange controls?
|
No |
24.
|
Double tax treaties
|
No
|
Our Delaware Fees are:
| Delaware Offshore Company Formation standard charge, including the first years registered office fees, and local government fees and delivery of documents by registered mail. |
595 |
| Annual registered adress & agent, license fees. Charged from second year. |
400 |
| Mail forwarding of all mail per annum |
399 |
| Nominee director & power of attorney per annum |
399 |
| Nominee shareholder & deed of trust per annum |
50 |
| Bank account opening (subject to client status) |
500 |
| Apostile Legalisation of documents |
125 |
| Upgrade to delivery by courier |
75 |
| Consultancy Services per hour |
65 |
We also welcome your order or inquiry by phone, fax or e-mail and mail.
Email kgn@kgn.com