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1answer
34 views

Close an unused Delaware LLC without paying franchise tax?

3 years ago, I created a Delaware LLC with a partner with the purpose of running an online business through it, that we were working on. Before we ever got off the ground, it turned out the partner ...
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0answers
14 views

Addresses, Bank AC, Foreign Qualification : SMLLC operating outside US, doing business in US through internet?

I am Single member LLC operating from India. While incorporating there are some addresses to be filled up. Registered Agent : That would be simply RA's address. It will be provided by them. No ...
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1answer
22 views

Paying Delaware franchise even if filed after the end of accounting year

Ok so this is somewhat urgent since the Delaware franchise tax is due in a day, but right as I was about to pay I had a question: Do I need to pay any franchise taxes this year even though I ...
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1answer
53 views

Does Delaware based c-corp selling apps funded by non-US residents have to pay US income taxes?

I want to incorporate startup selling only apps in Delaware as a c-corporation. All of the funders are US non-residents. As we will not be selling any material goods in US, will our corporation have ...
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2answers
659 views

Tax haven in Delaware with a single-member LLC formed by a non-resident alien?

While I'm researching what I need to pay in taxes for my LLC formed in Delaware (I'm a non-resident alien from China), I found this page which is very interesting: ...
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108 views

Minimum Cost of Par Value for 10 million Common Shares (Delaware)

It is my understanding that many tech startups form their C Corp in Delaware and issue 10 million common shares for various reasons. My question has to do with Par Value per share. Most startups ...
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1answer
66 views

How are corportate 'starter' funds taxed, if at all?

When opening up a new corporate bank account, are initial deposits looked at as income, and therefore considered taxable? Or are they counted as 'funding' (or some other term) and therefore considered ...
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2answers
276 views

How to incorporate a Delaware C-Corp for a startup with two founders?

My co-founder and I recently went through the process of incorporation. I just got back the documents for the filing of a Delaware C-Corp and noticed my lawyer setup my co-founder as director and that ...
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133 views

Should I register my C Corp in Delaware if I live in Virginia and I'm doing business in Virginia?

I called a CPA in Virginia and he told me it's better to create your C corp in Delaware, because their tax system is so flexible that you don't need to pay for state tax. Is that true? And is it Ok if ...
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2answers
210 views

What are the options for a non US citizen for adding payment options like Amazon Payments to their app?

Amazon payments has a strict list of requirements including having a US EIN or SSN, a state driver's license and US residency. Google Checkout is not yet available in Canada. What are the steps that ...
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2answers
193 views

Having less equity than an investor

Suppose a company (C-Corp, Delaware) with 5 co-founders, each having 20% of the shares. Then an investor wants 30% of the company, which will leave each co-founder diluted to 14%. Besides control ...
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2answers
207 views

I formed an LLC on November last yr and dissolved it on December, should I report this LLC to IRS?

I formed a Delaware LLC on November last year, and soon I found that the c-corp is more suitable for my situation, so I decided to dissolve this LLC, it has been dissolved on December last year ...
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1answer
188 views

How should I set the par value for my shares when I incorporate in Delaware?

I will be incorporating in Delaware. Eventually I plan to hire employees if things go well but for now it's just me; I will be providing all funding out of my own pocket. To get things started, I ...
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1answer
615 views

How To Open US Business Bank Account For LLC Without Going to US

Recently opened a LLC in USA, I am non-US citizen, do not live in USA, we are running an ecommerce business, now we need to open a business bank account for this LLC without physically walking into ...
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4answers
891 views

How to register LLC in USA or LTD in UK and bank account, for foreigner?

I am from Serbia, Europe (Not Europe Union country). I develop Android apps and would like to sell them on Android market. I can not register for Google merchant account from Serbia so I need business ...
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3answers
363 views

Where to incorporate software startup?

The scenario: we are a startup software company that will be selling our applications through Apple's network (iTunes and Mac App Store). One co-founder is located in Toronto, Ontario. The other in ...
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1answer
310 views

Considerations such as vesting for Founder Agreement

I'm planning to file a Delaware LLC for a partnership where I'm the majority owner of our self-funded startup. One key goal for me is to incorporate a vesting option among owners where equity is a ...
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1answer
98 views

transferring ownership of a website from one corporation to another

suppose I own two corporations...one is incorporated in delaware and another one incorporated in cayman islands suppose the website is currently owned by the cayman islands corporation and the ...
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3answers
326 views

Did you incorporate in Delaware and get surprised by the minimum annual franchise tax this year?

Looks like the DE Franchise Tax Board & SecState changed the minimum authorized shares tax - a lot of companies that incorporated this past year may have been unaware of this change or not sure ...
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2answers
560 views

Banking Solution For Online Delaware Corp

I am about to register a corp in Delaware. I need to find a bank that can help me in opening a bank account, without having to go there in person. I have been told that this is possible if the bank ...
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2answers
2k views

Least expensive (but good) Registered Agent Service in Delaware

Have you guys heard of freeregisteredagent.com? They offer free registered agent service for first year, and $99 thereafter. Is that for real? Is it a scam? Has anyone used them before?