About Delaware Company

1. What are the Benefits of Delaware companies in USA?

Set up companies in the United States, is the most popular registration is the most attractive states nationwide. Because Delaware is the most wide tax system, the tax base is narrow that also is the only the state don’t have sales tax. Currently, more than half of the Fortune 500 companies, which are incorporated in Delaware, and one third of the New York Stock Exchange and American Stock Exchange listed company incorporated in Delaware.

2. What Should I Name My Company?

Use of companies name don’t have any restriction, but in order to avoid duplication then the best way is applicant more than three company names. Through searching, then determined using which one. Company name may contain words "Association", “Company ", "Corporation", “Foundation’’, "Fund ", " Incorporated”, “ Institute”, "Society”, " Union”, “Syndicate", “Limited", or its acronym. The names of companies register can not use for the same or similar names as included: "Bank", “Trust" wording to be first approved by the United States Federal Reserve. Limited Liability Company only use Limited Liability Company, in short ' LLC 'end.

3. Share capital and directors

The minimum number of Directors and Shareholders for Corporation is one. Corporate Directors are not permitted. A President, Treasurer and Secretary must be appointed. One person can hold all of these offices and there are no residency requirements. Details of directors and officers must be provided.

4. What is the Low & Predictable Taxes in USA?

One frequently-cited advantage is that the state's internationally renowned Court of Chancery, deals exclusively with corporate matters. Judges of this Court are appointed on merit alone and not elected. The corporate laws of Delaware are very user-friendly and have often been used by other states as a standard for testing corporate laws. As a result, the corporate laws in Delaware are familiar to many lawyers both domestically and internationally. There is no income state tax for Delaware Corporations or LLCs that do not conduct business in the US. The only tax typically payable is an annual franchise tax which falls due on the 1st of March (Corporation) and 1st June (LLC) each year respectively. The annual franchise tax for a Corporation with the standard minimum share capital is USD35 plus an additional USD25 filing fee for the annual franchise tax report. For a LLC, the franchise tax is USD200.

5. How to open an account in a bank?

Bank account must be set up after companies have been registered. After U.S. companies registered can open offshore bank accounts in USA, ATA Group can help clients do bank accounts, the required documents are: registration certificate, seal, the local registered agent by the United States issued a notarized document and signed by the accountants accounts (Certified true copies), personal identity documents and deposit accounts equivalent HK 10000. Our services include: recommending bank accounts, arrange for your local agent by the United States issued a notarized document (companies need to produce more than one year good standing), the record of the meeting, as introducer, sent people to assistance.

6. Do I Need a Lawyer to Incorporate?

No, a lawyer is not a legal requirement to incorporate.

You can even incorporate yourself by preparing and filing all the documents; however, it is a very time consuming job for a new business starter.

You also need to be thoroughly versed in the company laws of USA and their changes from time to time after incorporation.

You can use our service to incorporate to save your time and save money on lawyer fees. However, if you are unsure whether incorporation or which kind of business vehicles will benefit your business, or if you need to have tax planning consultation, we suggest you to consult a lawyer or accountant for their professional advice.

7. What Are the Companies renewal?

Delaware companies do annual renewal every year before 1st of March. After establishment of company, ATA Group will be responsible to the clients for the annual survey limited time.