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DELAWARE

LLC Naming Requirements:
In Delaware, the LLC's legal name must contain the word "Limited Liability Company" or the abbreviations "LLC" or "L.L.C."

Special Note: If you are forming a professional LLC, you may be required to comply with special naming requirements and contain special designators. If your profession requires a license, you should always check with the licensing board for special naming requirements before forming the LLC.

State LLC Taxes:
In Delaware, LLCs are required to pay a $250.00 annual franchise tax by June 1st of each year. Furthermore, income taxes may be due if you generate income in Delaware.

Delaware's Annual Report Requirements:
No annual reports are required for Delaware LLCs.

Special State Level Election:
Delaware recognizes the federal tax structure that you select and no extra state level election is required. However, it is a good idea to file your first year tax returns along with any "IRS tax structure approval letters" as proof of your tax structure.

Professional Services:
Delaware allows professional services (i.e. doctors, lawyers, accountants, architects, etc) to form a LLC. If you are forming a LLC for a professional service, you may be required to comply with special naming requirements. If your profession requires a license, you should always check with the licensing board for special naming requirements before forming your LLC.

State Member/Manager Requirements:
Below is a brief overview of Delaware's member/manager requirements:

  • Minimum Number: In Delaware, you must have at least 1 member/manager.
  • State Residence Requirements: The members/managers are not required to be Delaware residents.
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