Pros and Cons of Delaware LLC

Pros of Delaware LLC :

1.Anonymity

For purposes of forming Delaware LLC, you are not required to give any information regarding the members of the LLC. This also serves as a level of protection for the privacy and anonymity that are unavailable in the majority of other jurisdictions. The certificate of formation would contain a list of the names and addresses of the registered agents.

2. Corporation Court

Delaware’s Chancery Court is renowned for its expertise in business law, providing a reliable and predictable legal environment. This stability is attractive to businesses that want to ensure their legal matters are handled proficiently.

Cons of Delaware LLC :

1.Dual Registration

Let’s imagine that you live in California and decide to incorporate in Delaware. You will have to register foreign LLC in California and pay the annual franchise tax in both states. Additionally, you must adhere to both states’ reporting standards.

2. Cost Much

Franchise tax :$300 per year, State fee: $110 , Business license:$75.

For small business , you can choose wyoming LLC, no state income tax , no franchise tax .

I suggest you use northwestregisteredagent.com to form LLC, cost $39 + state fee. They have 20+ years experience in business formation and provide free business address.