Monday, August 03, 2015
So, you’ve created your Delaware Company. What now?
You’ve done it!
You now have a Delaware Company.
Why, you can even go to Delaware Secretary of State's website
your entity and view some general facts about it. Now that that’s done, what
are some other considerations for getting your business going?
Have a strong foundation! Your governing documents should be in
order. LLC’s are required to have an
Operating Agreement, Corporations have their By Laws, LP’s a Partnership
Agreement and Statutory Trusts have a Trust Agreement. Keep these documents and
other company records safe and organized and readily accessible.
Obtain an Employer Identification
Number, (EIN). This federal tax identification
number is required to open a US bank account and to make certain tax
elections. Applicants can apply directly
with the IRS for free, or hire a Third Party to do it for them.
Open a US Bank Account. Prepare
to apply in person with photo identification, EIN, a copy of the date
and time stamped or Certified Copy of Certificate of Formation/Incorporation
and US Address. A Certificate of Good
Standing and a company’s private documentation are common requirements as well.
Keep in mind that if you are opening an account outside of Delaware, banks
often require evidence of (foreign) registration in their jurisdiction. Obtain
a check list of requirements from the bank beforehand so that there are no
Register your company in other
jurisdictions where you will be doing business.
States vary in registration procedure, initial cost and annual
maintenance. Keep in mind that most have an annual fee
and/or annual filing requirement. A registered
agent/service of process (SOP) address in these other jurisdictions is also a must.
Obtain Business and/or
Professional Licensing and State Tax ID Number.
You will need to apply for these in jurisdictions where you are doing
DBA/Fictitious Name Certificate:
If you, plan to do business under a name other than how it is legally
registered, than this is a filing you will need to consider, usually in
jurisdictions where you plan to do business.
As you can see, there are a
number of steps you will most likely need to take after you have formed your
Delaware Intercorp has
been serving the business community for over 20 years and has developed a variety
to help our clients fulfill these obligations.
Let us help you grow your business!
Contact our service team via email email@example.com
phone us toll-free at 888.324.1817 for assistance.