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US US Company Registration Summary of Features of Delaware Limited Liability Company (LLC)
KNOWLEDGE
Summary of Features of Delaware Limited
Liability Company (LLC)
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General Information |
|
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Company Law |
Delaware Limited Liability Company Act |
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Type of Company |
Limited Liability Company (LLC) |
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Language of Legislation and Corporate Documents |
English |
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Exchange Controls |
None |
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Timeframe for setting up a LLC |
3 weeks (expediate service is available) |
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Shelf Companies Available |
No |
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Corporate Name |
|
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Name Restrictions |
Names identical of similar, offensive words |
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Endings and Abbreviations Required |
Limited Liability Company or its abbreviation LLC |
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Timeframe for conducting name availability search |
1 day |
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Name Reservation Permitted |
Yes |
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Language of Name |
English |
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Name of Banks, Insurance, Investment Fund, Trust Company or their equivalents requiring consent of license |
Yes |
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Capital and Members |
|
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Minimum Number of Member |
One |
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Local Member Required |
No |
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Corporate Member Permitted |
Yes |
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Disclosure of Member Information |
No |
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Minimum Capital Required |
No minimum |
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Managers |
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Minimum Number of Manager |
One |
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Qualification of Manager |
Aged 18 or above |
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Corporate Manager Permitted |
No |
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Local Manager/Officer Required |
No |
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Appointment of Subsequent Manager |
Resolution |
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Meetings |
|
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Annual General Meeting of Member Required |
No |
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Annual General Meeting of Manager Required |
No |
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Location of Manager and Member Meetings |
Anywhere |
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Quorum required for purpose of meetings |
LLC Agreement |
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Local Requirements |
|
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Registered Office/Agent |
Yes |
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Filing of Register of Members with the office of the Secretary of State |
No |
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Filing of Register of Managers /Officers with the office of the Secretary of State |
No |
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Filing of Register of Charges with the office of the Secretary of State |
No |
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Copy of Register of Managers /Officers to be kept at Registered Office |
Optional |
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Copy of Minutes to be kept at Registered Office |
Optional |
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Copy of Register of Members to be kept at Registered Office |
Optional |
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Company Seal Required |
Optional |
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Annual Requirements |
|
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Annual Tax |
US$300 |
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Annual Tax Due Date |
1st June every year |
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Late Penalty |
US$200 plus 1.5% per month on late penalty |
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Requirement to file Annual Returns |
No |
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Requirement to submit Annual Audited Accounts |
No |
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Other Relevant Information |
|
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Member of Apostille of the Hague Convention |
Yes |
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Increase or Reduction of Capital |
Managers’ resolution |
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Redomiciliation |
No |
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Reinstatement at the office of the Secretary of State |
Yes |
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Removal from the office of the Secretary of State |
Yes |
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