Forming A Company In Delaware

Start Your Business The Right Way

When forming an LLC or corporation, businesses have the option to incorporate in any state, regardless of their physical location. However, it is important to carefully consider the pros and cons of each state before making a decision, as different states may offer different benefits and drawbacks. Factors to consider may include incorporation fees, tax laws, legal protection, and ease of incorporation. By weighing these factors and consulting with legal and financial professionals, businesses can choose the state that is most beneficial to their specific needs and goals.

FREE LLC Guide
LLC vs Corporation
FREE Corporation Guide

Forming an LLC or Incorporating in Delaware 

Delaware is the most popular choice for forming an LLC or Corporation outside of your home state. It has a reputation for being business-friendly, leading many people to decide to form an LLC or Corporation in Delaware. 

Delaware does not tax out-of-state income, which means that even if the majority of your business is conducted elsewhere, it won’t be taxed by the state.

Another important factor is that Delaware has a separate court, called the Chancery Court, that only hears business cases. Because of this, cases involving businesses are resolved more quickly than they would be in other states where they’re thrown on the docket with all other types of cases. The Court of Chancery quickly and very easily will settle the internal disputes of a company, among shareholders, officers and directors. The judges are experienced in business matters as well, whereas judges in other states may have little or no background in this area of law before taking the bench.

The Chancery Court makes Delaware appealing to institutional investors, especially since they will typically have a team of attorneys who are based in Delaware.

So, if your company is going to be seeking to raise capital from private equity or institutional investors in the near future then Delaware may likely be the right place for you to form your new business.

Otherwise for most small businesses and start-ups forming a business entity in Wyoming may be more beneficial.

For U.S. residents, it may not be the best choice to form a company in Delaware or Wyoming unless you are conducting business in those states or are looking to create a Holding Company for privacy and anonymity. In such cases, it may be advisable to form the company in one of these states. While it may be tempting to consider forming an LLC or corporation in Delaware or Wyoming based on what you may have heard, doing so could ultimately result in unnecessary costs and difficulties for your business. By taking the time to carefully consider the best location for your company, you can save yourself time and money in the long run.

It is important for businesses to carefully consider their specific needs and goals and consult with legal and financial professionals before making a decision about the appropriate state of incorporation. If you are unsure whether forming a Delaware company is the right decision for you please click options below to find out more or seek professional advice.

Delaware vs Wyoming
Which State? (Us Person)
Which State? (International Person)

WE HAVE Answers

Ask Us Anything

When choosing a name for a business in the United States, it is important to consider a few key factors including availability, distinctiveness, legality and branding.

If you are setting up a Limited Liability Company (LLC) or a Corporation, you will also need to include a designator (suffix) in your business name, such as “LLC” or “INC.” This will help to differentiate your business from other types of legal entities.

Please click here to find out more.

It is not easy to determine which type of business entity, an LLC or corporation, is best for you as it depends on multiple factors such as your business goals, the nature of your business, and your individual circumstances.

If you are a U.S. person / U.S. resident please click here to find out more.

If you are a non-U.S. person / non-U.S. resident please click here to find out more.

Wyoming is a leading incorporation domicile due to low fees, no taxes, simple filing and maintenance requirements along with allowing anonymous LLCs and corporations.

For more information please click here.

If you are a U.S. resident not living in Delaware or Wyoming, the best state to form your business depends on various factors. Typically, it’s advantageous for a U.S. citizen or permanent resident to form the business entity in their home state. However, for most businesses forming a company in Wyoming is also a great choice.

If privacy and anonymity are important to you, forming a Holding Company in a state like Wyoming may be a better choice. Holding Companies can choose their domicile as they are only considered as transacting business if they engage in activities beyond holding assets and leasing them.

For further information, click here.

Common choices for a holding company (a.k.a parent company) are Wyoming, Nevada, Delaware and New Mexico. Wyoming is currently the leading state to form a Holding Company (LLC or Corporation) due to the specific statutes, anonymity, asset protection and comparatively low fees.

Please click here to find out more.

In order to incorporate in Wyoming, you need to have a company name, business address, registered agent, share count, par value, and incorporator. These are the only requirements by law to establish a corporation.

For more information please click here.

Yes, as a non-U.S. person / Non-U.S. resident / International Entrepreneur / International Founder / Digital Nomad you can form an LLC or C-Corp in the United States. In fact, it is not even necessary to physically visit the U.S.A, as it is possible to set up your LLC or C-Corp online.

Please click here to find out more.

You don’t need an SSN (Social Security Number) or ITIN (Individual Taxpayer Identification Number) to get an Employer Identification Number (EIN) from the IRS. An Employer Identification Number (EIN), also known as a Federal Tax Identification Number or a Federal Business Tax ID, is used to identify a business entity not an individual. You only need an SSN (or ITIN) if you want to apply for an EIN online with the IRS.

We have business formation packages for Non-U.S. owner(s) that includes EIN application for a discounted fee of $150. You can also hire us to obtain your EIN from the IRS for a fee of $175.

An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service (IRS) for individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security Number (SSN) from the Social Security Administration (SSA). ITINs are issued to foreign nationals and others who have federal tax reporting or filing requirements and do not qualify for SSNs.

The first step is to get an EIN from the IRS. You cannot open up a U.S. bank account without an EIN for your LLC or Corporation.

The easiest option is to opening up a business bank account online with a Fintech company like Mercury, Novel etc.

Another solution is to visit the United States yourself.

For other options and more information to open up a U.S. business bank account please click here.

Wyoming is a leading incorporation provider with low fees and no corporate income taxes. Delaware is generally only used by those raising venture capital or looking to go public.

For more information please click here.

How Triple B Business can help in starting your new company?

The fastest, easiest way to start your new company? Hire us and get everything you need: registered agent service, privacy, free mail forwarding, and the guidance of local experts.

We currently offer Business Formation Services only in the States of Wyoming and Delaware because these two great states offer multitude of advantages to new small business owners.

Here’s how you can start the process with Triple B Business today in 3 easy steps:

1

Tell Us Your Business Name

If you have already decided your new business name then simply enter it on our form. We will perform a free name search for you with the state.

2

Answer A Few Questions.

Answer a few questions and enter the required information on our business formation form. If we have any questions then we will get back to you.

3

We Will File Your Paperwork

We will complete your paperwork and be off to the races filing your new company with the state.

Let’s Get Started Now

Don’t Wait

Contact Us For A Free Consultation

I’m Ready