DE SoS Corp 101: Starting your Business in Delaware
An Delaware Corporation is a legal entity that is granted certain powers by the state. It is owned by shareholders who share in the profits and losses of the corporation. It is guided by directors that act sort of like a legislature and decide important business decisions on a periodic basis. These decisions are carried out by the president of the Corporation and the other officers such as the secretary and treasurer. There are many advantages to incorporating, such as having no personal liability, business tax deductions, minimizing IRS audits, personal privacy, use of a marketing framework, an easier time raising capital, and making it easier to transfer ownership of your Corporation. You can incorporate with many agencies, including the DE SoS Corp.
Why Incorporate or Form an LLC with us instead of the DE SoS Corp site?
First, we provide you with information, guidance and counsel based on our 175 years of legal experience and over 240,000 satisfied clients; most other websites that can help you incorporate or start an LLC aren’t attorneys and can’t give you advice on the legal implications of starting your business.
INCLUDES Company Seal and Book,
INCLUDES Articles of Incorporation,
INCLUDES Corporate Minutes,
INCLUDES Corporate By Laws or LLC Regulations,
INCLUDES Membership or Stock Certificate,
INCLUDES Banking Resolution,
INCLUDES Preliminary Name Search,
and talk to a lawyer to get legal advice at no extra cost!
Lastly, we have a 110% Lowest Price Guarantee.
DE SoS Corp LLC vs DE SoS Corp S Corporation
The main advantage of the LLC is that it is not burdened with the ownership restrictions imposed on a small business corporation (also known as a Sub Chapter S Corporation). An LLC may have more than 100 Members or as few as one. Its interests may be held by corporations, partnerships, Non-Resident Aliens, trusts, pension plans, and charitable organizations; the LLC may make special allocations, thereby avoiding the single class of stock requirement applicable to an S corporation; and it may own more than 80% of the stock of a corporation and, therefore, may be a member of an affiliated group.
Starting your Limited Liability Company in DE SoS Corp
The Limited Liability Company is a hybrid entity that is very flexible and, depending on how many owners (known as “Members”) and what such Members elect to do, may be taxed as a partnership or corporation, if it has multiple Members, or as a sole proprietorship, if it has only one member, while providing limited liability protection for all of its Members. For federal tax purposes, an LLC, like a partnership or sole proprietorship, is a pass-through entity; thus, its income and losses are taxed only at the member level. However, all members of an LLC, like the shareholders of an S corporation, have limited liability for the debts and claims against the LLC. No member will be burdened with personal liability.
LLC Name Search
When incorporating or starting an LLC, you must choose a name that isn’t already taken. We can help you do a preliminary name search when you incorporate or start an LLC with us over the DE SoS Corp site. On a side note, if you are planning to start your own business, especially if you are interested in a sole proprietorship, you may want us to handle your Fictitious Name or DBA registration.
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