Start Your Business
A short guide to the steps, timing and cost of forming a Delaware corporation or limited liability company.
The first step to forming a business in the U.S.A. is to select your business structure:
Corporation (Inc.): A business entity where ownership is represented by shares of stock. The business is managed by a board of directors who are not personally liable for obligations and liabilities of corporation. Any person, partnership, association or corporation without regard to such person's or entity's residence, domicile or state of incorporation, may incorporate. A Delaware corporation may conduct business in any state in the United States and abroad.
Limited Liability Company (LLC): A business entity where no member or manager is liable personally for any debt, obligation, or liability of the entity solely by virtue of his/her status as a member or manager. The owner or manager of a Delaware LLC is not required to be a natural person, nor a citizen or resident of the United States. There is no requirement that a Delaware LLC carry on business activities or establish or maintain any place of business.
Statutory Trust (ST): An efficient and popular entity for preserving property and conducting business. Delaware STs are widely viewed as the preferred vehicle for certain structured finance transactions, such as asset securitizations. The business and affairs of a Delaware ST are typically managed by its trustees, but a governing instrument may provide for management of the entity in whole or in part by beneficial owners or other persons.
Captive Insurance Company (CIC): An insurance company that is wholly owned by a parent company to insure the specific needs of the company.
Public Benefit Corporation (PBC): A business entity that allows entrepreneurs and investors to create a for-profit Delaware corporation intended to produce public benefits and operate in a responsible and sustainable manner. Managed by a board of directors, a PBC is required to manage the business and affairs of the corporation in a manner that balances the stockholders' economic interests, the specific public benefits listed in the company's certificate of incorporation and the best interests of those materially affected by the corporation's conduct.
The biggest, brightest and fastest-growing companies are incorporated in Delaware. The State's infrastructure, courts and laws create an environment for success and growth that investors can trust.
Doing Well While Doing Good: New Delaware Law Authorizes "Public Benefit" Corporations.
The United States offers tremendous opportunities for growth to international companies looking to expand their operations. This guide explains how to bring your business to the U.S.
This chart compares the different Delaware business entities.
Start Your Business
Frequently Asked Questions