Delaware LLC Expedite: Everything You Need to Know

The Delaware LLC expedite filing option allows you to get your incorporation application processed in as little as one hour or as much as 24 hours.3 min read

The Delaware LLC expedite filing option allows you to get your incorporation application processed in as little as one hour or as much as 24 hours depending on which option you select.

Delaware LLC Overview

A Delaware LLC is among the most popular business structures in the world. Delaware is considered as the best state in the U.S. for incorporating a limited liability company (LLC) or a corporation. To form a Delaware LLC, you must file a certificate of formation with the secretary of state and pay the prescribed filing fee. You must also write an operating agreement and set out the ownership rights and management structure.

Delaware LLC Advantages

Court of Chancery

Delaware has a special court called the Court of Chancery specifically dedicated to addressing business litigation. Its long existence of over 200 years has given it good authority in business law, and courts in other states also look to its past decisions for precedence.

No Corporate Taxation

Delaware does not tax LLCs separately. Company profits and losses pass through to the members, who file individual tax returns. As such, there is no issue of double taxation.

Ease of Management

Delaware LLCs have a simple business structure and fewer formalities. You need not have a board of directors or convene annual shareholder meetings. This also translates into cost savings since you don't have to employ as many accountants and tax experts as you would otherwise.

No Annual Reporting

A Delaware LLC is not required to file annual reports. It's among the least taxed business entity in the United States.

Steps in Forming a Delaware LLC

Choose Your Name

  • Choose a name for your company. Conduct a name search to ensure that the name is not same as or similar to an existing business registered in the state.
  • If you are not filing your certificate of formation immediately, you may want to reserve the name.
  • Delaware allows for name reservation for a period of 120 days.

Certificate of Formation

  • You must submit the certificate of formation to the Delaware Division of Corporations along with a filing fee of $90.
  • The certificate of formation must include the name and address of your registered agent.