SlideShare a Scribd company logo
Choose a corporate structure
• Incorporating means forming a corporation, a
state legal entity
• C-Corp and S-Corp are tax classifications, not
structures
• For a comparison of entities, click here
Check name availability
• Do a name search with the Delaware Secretary of
State, Division of Corporations
• Your name cannot conflict with an existing one
• Licensing boards (e.g. doctors, lawyers) require
name pre-approval
Appoint a registered agent
• You are required to maintain a registered
agent in Delaware
• The agent receives notice of lawsuit and legal /
government notices
• Can be an individual with an address in the
state (not P.O. Box) or a commercial agent.
File Articles of Incorporation
• Form INCSTK09: Certificate of Incorporation for a
Stock Corporation
• Fee: $89
• Include a cover letter
• Mail to Delaware Department of State
• Turnaround: 3 weeks. Add $50 for 24 hour
expedite, $100 for same day, $500 for 2
hour,$1,000 for one hour
Bylaws and Records
• Keep your articles, affidavits, and other important
documents
• Draft bylaws for the organization
• Record kit & templates save time!
Appoint Initial Directors
• These directors serve on the board until the
annual meeting of shareholders
• Appointed by incorporator
• Documented in corporate records
Hold Organizational Meeting
• Consists of incorporators and/or initial directors
• Keep minutes of this meeting
• Appoint officers (e.g. President, Secretary)
Issue Stock Certificates
• Owners may be issued stock certificates as
proof of ownership
• Secretary’s stock ledger records issued stock
• Stock certificates included in Records Kit
Obtain EIN
• Federal Employer Identification Number
• Required for corporations
• File Form SS-4 with IRS by mail, fax, or online
DE Business License & Tax IDs
• Must obtain DE Business License
• File: Form CRA: Combined Registration
Application for State of Delaware Business License
and/or Withholding Agent
• Submit to Delaware Department of Revenue
• Fee: $75 for first license + applicable license fees
Consider S-Corp Election
• By default, the corporation is taxed as a C-Corp
• Consider S-Corp for tax savings as a small
business
• IRS Form 2553
Obtain Applicable Licenses
• To run your business legally, you may need a host
of local, state, or federal licenses and permits
• Search your requirements on SBA.gov
Ongoing Activities
• Annual report with Secretary of State
• Board meetings
• Annual shareholder meeting
• Maintain a registered agent
• Update the government with address change
For More Info:
• How to Incorporate in Delaware
• Email: info [AT] HarborCompliance [DOT] com
The information contained in this
presentation is not legal, financial, or tax
advice. Harbor Compliance is not a
legal or accounting firm.
Copyright Harbor Business Compliance Corporation 2014

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How to Incorporate in Delaware

  • 1.
  • 2. Choose a corporate structure • Incorporating means forming a corporation, a state legal entity • C-Corp and S-Corp are tax classifications, not structures • For a comparison of entities, click here
  • 3. Check name availability • Do a name search with the Delaware Secretary of State, Division of Corporations • Your name cannot conflict with an existing one • Licensing boards (e.g. doctors, lawyers) require name pre-approval
  • 4. Appoint a registered agent • You are required to maintain a registered agent in Delaware • The agent receives notice of lawsuit and legal / government notices • Can be an individual with an address in the state (not P.O. Box) or a commercial agent.
  • 5. File Articles of Incorporation • Form INCSTK09: Certificate of Incorporation for a Stock Corporation • Fee: $89 • Include a cover letter • Mail to Delaware Department of State • Turnaround: 3 weeks. Add $50 for 24 hour expedite, $100 for same day, $500 for 2 hour,$1,000 for one hour
  • 6. Bylaws and Records • Keep your articles, affidavits, and other important documents • Draft bylaws for the organization • Record kit & templates save time!
  • 7. Appoint Initial Directors • These directors serve on the board until the annual meeting of shareholders • Appointed by incorporator • Documented in corporate records
  • 8. Hold Organizational Meeting • Consists of incorporators and/or initial directors • Keep minutes of this meeting • Appoint officers (e.g. President, Secretary)
  • 9. Issue Stock Certificates • Owners may be issued stock certificates as proof of ownership • Secretary’s stock ledger records issued stock • Stock certificates included in Records Kit
  • 10. Obtain EIN • Federal Employer Identification Number • Required for corporations • File Form SS-4 with IRS by mail, fax, or online
  • 11. DE Business License & Tax IDs • Must obtain DE Business License • File: Form CRA: Combined Registration Application for State of Delaware Business License and/or Withholding Agent • Submit to Delaware Department of Revenue • Fee: $75 for first license + applicable license fees
  • 12. Consider S-Corp Election • By default, the corporation is taxed as a C-Corp • Consider S-Corp for tax savings as a small business • IRS Form 2553
  • 13. Obtain Applicable Licenses • To run your business legally, you may need a host of local, state, or federal licenses and permits • Search your requirements on SBA.gov
  • 14. Ongoing Activities • Annual report with Secretary of State • Board meetings • Annual shareholder meeting • Maintain a registered agent • Update the government with address change
  • 15. For More Info: • How to Incorporate in Delaware • Email: info [AT] HarborCompliance [DOT] com
  • 16. The information contained in this presentation is not legal, financial, or tax advice. Harbor Compliance is not a legal or accounting firm. Copyright Harbor Business Compliance Corporation 2014