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Service Contents

General Information

Delaware LCC

Company Law

Delaware Limited Liability Company Act

Type of Company

Limited Liability Company (LLC)

Language of Legislation and Corporate Documents

English

Taxation of Foreign Profits

Nil (for single member LLC with no U.S. shareholders)

Online Form Submission

Exchange Controls

None

Length of Time to Form a LLC

Shelf Companies Available

3 weeks (expedite service is available)

Yes

Corporate Names

Name Restrictions

Names identical or similar, offensive words

Endings and Abbreviations Required

Limited Liability Company or its abbreviation LLC

Length of Time to Verify Name Availability

few minutes

Reservation of Names Permitted

Yes

Language of Name

Any language

Name of Banks, Insurance, Investment Fund, Trust Company or their equivalents requiring consent or license

Yes, especially those

Capital and Members

Minimum Number of Members

One

Local Members Required

No

Corporate Members Permitted

No

Disclosure of Members

No minimum

Bearer Shares Permitted

N/A

Registered Shares Permitted

Yes

No Par Value Shares Permitted

Yes

Managers

Minimum Number of Managers

One

Qualifications of Directors

Legal Age

Corporate Managers Permitted

Yes

Local Directors/Officers Permitted

Yes

Appointment of Subsequent Managers

LLC Agreement

Meetings

Annual General Meeting of Shareholders Required

No

Annual General Meeting of Managers Required

No

Location of Directors and Shareholders Meetings

Anywhere

Adoption by Consent Permitted

Yes

Quorum required for purposes of meetings

LLC Agreement

Local Requirements

Qualified Registered Office/Agent

Yes / Yes

Government Register of Shareholders

Optional

Government Register of Directors/Officers

Optional

Government Register of Charges

Optional

Register of Directors/Officers to be kept at Registered Office

Yes

Company Seal Required

Optional

Copy of Minutes to be kept at Registered Office

Optional

Copy of Share Register to be kept at Registered Office

Yes

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