US Offshore Delaware - The American Dream of Entrepreneurs
US offshore Delaware is a small country in the United States of America. It has the sixth lowest population, and Rhode Island is the only state that covers a smaller area. Despite this, offshore registration in Delaware is popular. This is partly due to the fact that Delaware law is very business-oriented, and partly because Delaware corporate income tax applies only to business conducted in Delaware. If a corporation does not do business in the state of Delaware, the only tax paid to Delaware is ... zero.
Another advantage of registering an offshore company in Delaware is that courts in the state of Delaware often deal with significant matters on an expedited basis when time is crucial. The Delaware Summary Proceedings Act offers a unique procedure for resolving large commercial disputes in an expedited schedule with special rules to minimize the burden and cost of litigation. Such is the offshore Delaware in the United States.
An offshore company in Delaware may be registered without a visit and not have a minimum capital requirement.
Offshore Delaware USA - types of companies. Introduction.
At the end of 2013, almost two thirds (65%) of Fortune 500 companies were registered in Delaware. This year there were more than 152,000 new business discoveries in the state, including 34,234 corporations, 109,169 LLCs, 8,234 Limited Partnership or Limited Liability Partnership, and 1,260 trusts. This led to the fact that the total number of active business entities in the state exceeded 1 million.
Offshore registration in the state of Delaware is popular because state law is very businesslike, and partly because state corporate income tax applies only to business conducted in Delaware. If the corporation does not conduct business in the state of Delaware, then the tax will be zero.
Offshore Delaware - types of companies. List.
Limited Partnership in Delaware
To register a Limited Partnership in Delaware, a company must consist of at least two people, and at least one general partner and one limited partner are required.
Limited partners are passive members of the Limited Partnership, distributing profits (or losses), but not participating in management decisions, leaving the general partner to oversee the daily activities of the partnership. If a limited partner plays an active role in a daily partnership, the court may consider them as if they were a general partner.
Any assets with a limited partner are protected as they are kept separate from the obligations of the partnership, while the assets of the general partner are not protected unless the general partner is a corporation or LLC.
If the general partner is an individual (as is often the case), additional costs and tax consequences will enter into it.
Limited Liability Company in Delaware
The Limited Liability Company in Delaware is a separate legal entity that has the right to conduct business, acquire, retain and dispose of property, and also file a lawsuit on its own behalf.
Limited Liability Company may have only one member. Management can be carried out by members or elected directors, who may or may not be members themselves. As in the case of a limited partnership, the relationship between members and the management structure is usually established in a written agreement. Such an agreement may provide for different classes of members and directors and their respective rights, powers and duties. You can also set a method for distributing profits and losses of LLC to its members.
The main attributes of Limited Liability Company are:
• Eternal existence;
• With the exception of certain limited situations, no member or director is personally liable for debts or obligations of the LLC;
• Any member or director can associate an LLC;
Limited Liability Partnership in Delaware
Delaware permits a special form of general partnership, known as the Limited Liability Partnership. In LLP, the partnership is registered with the Secretary of State of Delaware and is required to maintain a specified amount of liability insurance.
In turn, the partners are exempt from personal responsibility for the obligations of the partnership. Partners are still personally liable for their own negligence or misconduct, as well as for persons under their direct control.
The Delaware Limited Liability Partnership attracts professionals who want to benefit from the partnership form, but without personal responsibility for the professional misconduct of other partners and their employees.
Historically, the disadvantage of limited liability was that limited partners could not participate in the management of partnerships that were fully associated with a common partner. However, Delaware limited partnership laws provide greater flexibility. It is possible to structure a limited partnership agreement that gives significant management participation to limited partners without jeopardizing their limited liability.
Optional: Limited Liability Limited Partnership in Delaware
Limited Liability Limited Partnership in Delaware is a new form of organization that offers additional liability protection for limited partners. LLLP in Delaware protects limited partners who have taken active control in the partnership and who otherwise might take responsibility as general partners.
Open Offshore Delaware - Steps
After reading the article, you decided to open an offshore Delaware, but do not know where to start? In fact, everything is simple.
• Determine the needs and goals of the company
• Use the feedback form us.
• Get a free consultation.
• Prepare corporate documents
• Pass the recommendation steps related to documents
• Receive corporate documents - certificate of registration, etc.
Contact us for help. We will be happy to answer all your questions!