FOLLOW THE STEPS AS YOU START YOUR LLC IN DELAWARE
Step 1: Choose a Name for Your LLC
The first step is to choose a unique name for your LLC that complies with the rules and regulations of the Delaware Division of Corporations. Your desired name must contain one of the following words or abbreviations at the end of it: “LLC”, “L.L.C.”, “Limited Liability Company”, or “Ltd. Liability Co.” It cannot include any restricted words such as “bank” or “insurance company” without prior written consent from the state department that handles those specific types of businesses. You can check if your desired name is available by visiting HERE.
*If it’s not available, you’ll have to come up with another one and test again until you find one that isn’t taken yet!*
Step 2: Appoint a Registered Agent
Your next step is to appoint a registered agent in Delaware who will be responsible for receiving legal notices and tax documents on behalf of your business entity and forwarding them on to you as needed. This person must have an address in Delaware where they can receive documents during regular business hours and also be authorized to do business in the state (if they are not also listed as a member). The registered agent should also agree to act on your behalf if there are any legal issues concerning your company that arise down the road so make sure you pick someone you trust!
Step 3: File Articles of Organization
Now that you have chosen a name and appointed a registered agent, it’s time to file Articles of Organization with the State Department of Corporations along with payment for filing fees ($90). This document will include information about your company such as its purpose, its members’ information, etc., so make sure all information provided is accurate and up-to-date! After filing this document, you can expect approval within 10 days from when it was submitted if everything checks out okay!
Step 4: Create an Operating Agreement
An operating agreement outlines how your company will be managed—including things like voting procedures, how profits will be distributed among members, etc.—and should be created before officially launching operations so everyone involved knows what their responsibilities are going forward! This document does not need to be filed with any government agencies but should still be kept safe and secure just in case there are any disputes down the road between members over how things were handled internally within your organization!
Things You Shouldn’t Miss
When forming an LLC in Delaware there are some things that you don’t want to miss out on doing properly so that your formation process runs smoothly without any problems down the road.
- Make sure all documents are filed correctly including articles of organization and operating agreement if applicable.
- Double check all contact information provided; obtain any necessary licenses/permits.
- Open up a corporate bank account
- Establish strong internal corporate governance protocols.
- Designate registered agent service provider; understand taxation requirements & filing deadlines.
- Ensure proper record keeping practices are followed.
These steps may seem tedious at first but they will save you time & money down the line if done properly now!