In Delaware, the cost of forming an LLC (limited liability corporation) online is $90. When submitting the LLC’s Certificate of Formation, this fee is paid to the Delaware Department of State.
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How Much Does a Delaware LLC Cost?
The fee for filing a Delaware LLC online is $90.
The major expense of forming an LLC is the $90 filing fee with the Delaware Department of State for your LLC’s Certificate of Formation.
The Delaware Franchise Tax is $300.
All Delaware LLCs must register and pay a $300 yearly franchise tax. This is something that can be done online.
If you miss the June 1 filing date, Delaware assesses a penalty of $200 plus 1.5% interest each month.
In Delaware, you may be your own registered agent, but employing a registered agent service keeps your firm in compliance, reminds you of critical filing dates, and helps you avoid late fines.
Northwest Registered Agent offers the finest package for forming a new company and obtaining a registered agent. $39 plus state fees
How Much Does it Cost to Form a Foreign LLC in Delaware?
If you currently have an LLC established in another state and want to expand into Delaware, you must register your LLC as a foreign LLC in Delaware.
A Delaware foreign LLC registration costs $200. A foreign LLC can be registered in Delaware by submitting a Certificate of Registration of Foreign Limited Liability Company online or by mail.
Business Permits and Licenses
Depending on your industry and geographic area, your company may need federal, state, and municipal permits/licenses to operate lawfully in Delaware. This is true regardless of whether you create an LLC or another sort of company structure.
Other Fees for Filing an LLC
There are several extra costs involved with forming an LLC:
LLC Name Reservation: File an Application for Reservation of Limited Liability Company Name and pay the $75 filing fee to reserve your name for up to 120 days prior to LLC formation.
DBA (Doing Business As) Name:
To establish a name other than your official LLC company name, file a Registration of Trade, Business, and Fictitious Name Certificate and pay the $25 filing fee (per county).
Certified Document Copies: Order certified copies of your Delaware business paperwork from the Department of State for $50 + $2 per page.
Certificate of Good Standing: A Delaware certificate of good standing may be obtained by ordering from the Department of State and paying the $50 cost. Banks and lending institutions often demand a certificate of good standing.
How to Form a Delaware Limited Liability Company Yourself
Creating an LLC on your own is simple; just follow the five procedures outlined below.
Five Simple Steps to Forming an LLC in Delaware
Step 1: Create a Delaware LLC Name Step 2: Select a Registered Agent Step 3: Submit a Certificate of Formation
Create an Operating Agreement in Step 4
Step 5: Obtain an EIN
Step 1: Give Your Delaware LLC a Name
When naming a Delaware LLC, you must use a name that:
Is legal in the state of Delaware and satisfies the Delaware naming criteria
Is a web domain available?
Step 2: Select a Registered Agent.
All LLCs in Delaware must designate a registered agent. A registered agent is your LLC’s primary point of contact with the state. Most significantly, they are in charge of receiving service of process in the event that your company is sued.
Your registered agent in Delaware must:
You must be at least 18 years old.
Have a Delaware physical address
Be accessible to receive process service during regular business hours.
Step 3: Submit your Certificate of Formation.
The Delaware Certificate of Formation is a document that must be submitted with the Delaware Department of State in order to establish an LLC. A Certificate of Formation costs $90 to file online.
Step 4 Create an Operating Agreement
An operating agreement is essential for Delaware LLCs to be created and maintained.
What exactly is an operating agreement? An operating agreement is a legal document that outlines an LLC’s ownership and running processes.
Why are operating agreements necessary? A detailed operating agreement guarantees that all firm owners are on the same page and decreases the likelihood of future disagreement.
Step 5: Obtain an EIN
What exactly is an EIN? An EIN, or Employer Identification Number, is a nine-digit number assigned by the Internal Revenue Service (IRS) to a firm in order to identify it for tax reporting reasons. An EIN is effectively a company’s Social Security number (SSN).
Why do I need an EIN? An EIN is necessary for the following purposes:
Establishing a business bank account