What are the benefits of a Delaware LLC?

Another benefit of a Delaware LLC is their tax flexibility. When an LLC is formed, the owners can choose whether they want the LLC to be taxed as a partnership, an S corporation, a C corporation or a sole proprietorship. Single-member LLCs are not recognized by the IRS and therefore pay no taxes at all.

How much does a Delaware LLC cost?

Additionally, there are no meetings or voting requirements. One of the advantages of a Delaware LLC (that attracts many aspiring business owners) is that costs are simple and inexpensive. Once a year, a simple form and an annual Franchise Tax Fee of $300 must be filed with the Delaware Secretary of State.

What is a Delaware LLC & how does it work?

Get Started! Delaware LLCs are used for a variety of business purposes. Delaware LLCs offer protection for a wide range of assets, from one-person consulting businesses to multi-million dollar commercial properties. Businesses use LLCs to hold tangible assets, like real estate, and even intangible assets like intellectual property or trademarks.