Law Offices of Patrick Scanlon, P.A.

203 NE Front Street, Suite 101
Milford, DE 19963
Tel:  (302) 424-1996
Corporation Services
www.delcollections.com
Email:  pjs@delcollections.com
Fax:  (302) 424-0221

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About the Firm
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Corporation Services
Small Business Representation
Form a New Corporation or LLC

We provide experienced, fast and reliable incorporation services for companies in the United States and throughout the world. We rely on advancing technologies to bring our customers convenient and efficent services while continuing to be available through conventional means if the customer desires. Our office is open during standard business hours and we can easily be contacted for any questions you may have about incorporating or forming a limited liability company in Delaware.

WHY INCORPORATE IN DELAWARE?

WHY USE MY COMPANY TO INCORPORATE?

HOW DO I DECIDE - CORPORATION OR LIMITED LIABILITY COMPANY?

I HAVE MORE QUESTIONS...

I WANT TO GET STARTED RIGHT AWAY.

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WHY INCORPORATE IN DELAWARE?       Back  |  Home

About incorporating:

When incorporating - owners limit their liability to the amount they invest in the corporation. Generally, directors, shareholders and officers can not be held personally liable for claims or debts against the corporation. A corporation can raise capital through the issuance of stock. There are also tax deductible benefits for a corporation.

About incorporating in Delaware:

STABILITY - More that half a million businesses have their legal home in Delaware.

FLEXIBILITY - Flexible Corporate Laws
  • Long established body of laws that protect Delaware corporations and help them focus on their business.
  • One person can be all of the officers of the corporation.

FINANCIAL FACTORS
  • There is no minimum amount of money required to be in the company bank account.
  • There is no state income tax for Delaware corporations that do not operate within the State.
  • There is no Delaware tax on stock held by non-residents of Delaware.
  • Directors may fix any price on shares of stock that they wish to sell.

IT'S FAST
  • There is a fast turn around time once we receive your online or faxed application in my office.
  • Expedited services are provided by the Secretary of State for a minimal extra fee.

IT'S EASY
  • You do not need to visit my office to get started. Complete the application on my website and if you have any questions along the way, I can provide telephone consultation at no extra cost during regular business hours.
  • For more detailed questions about forming a corporation or Limited Liability Company and what is right for you - call my office. One of my legal assistants can make an appointment (for a tele-conference or an in-office meeting) if you need more in-depth consultation.
  • If you prefer, I can fax an application to you if you do not want to use the online process.

WHY USE MY COMPANY TO INCORPORATE?       Back  |  Home

About my company:

The cost or having a small corporation starts at $400 and Limited Liability Companies start at $500.
It includes:
  • A consultation with an experienced Delaware attorney.
  • Free name check.
  • Delaware State Filing Fees.
  • The completed application for the federal tax payer identification number (EIN or Employer Identification Number as it is also called).
  • A complete corporate kit - metal corporation seal, stock certificates, initial Minutes of Meeting.
  • The first year's registered agent fee.

Registered Agent Services - Patrick Scanlon maintains a registered agent office, Registered Agents & Incorporators of Delaware, Inc., at the firm's location. The office is available to provide registered agent services during regular business hours.

Connection to additional services
  • Since an experienced Delaware attorney will be forming you corporation, you have additional legal services at your finger tips.

HOW DO I DECIDE - CORPORATION OR LIMITED LIABILITY COMPANY?       Back  |  Home

About corporations:

In Delaware, a corporation must contain one of the following words: Incorporated, Company, Corporation, Club, Institute, Limited, Society, Syndicate, Union or Foundation. Abbreviations are acceptable. For instance; Corporation can be "Corp.", Limited can be "Ltd.", and Incorporated can be "Inc." An LLC can end in Limited Liability Company, LLC, or L.L.C. Of course, the end of the name also depends upon which type of entity is best suited for your business.

The following is a brief descripton of the types of businesses and corporations:

GENERAL ("C) CORPORATION
This is the most common type of large corporation which allows for an unlimited number of stockholders. This type of entity may raise capital by the issuance of stock if you comply with the requirements fo the Securities Eschange Commission (SEC).

CLOSE CORPORATION
This type of entity limits the number of stockholders to approximately 30. The stock of a close corporation cannot be publicly traded and there are some limitaion on the transfer of stock.

"S" CORPORATION
A general corporation may elect to become an S corporation by preparing IRS form 2553. The corporation must make the election within 75 business days of the date of incorporation in order to elect that tax year. S corporations avoid double taxation because the profits and losses are reported on the personal tax returns of the shareholders. The maximum number of shareholders of an S corp. is 75. There are some restrictions with an S corp. so we encourage you to seek the advice of an accountant or attorney before making the S election.

Limited Liability Company (LLC)
The LLC is the newest type of entity. The LLC combines the pass through taxation advantages of a partnership or S corp. and the limited liability aspect of a corporation. The main differences between the LLC and the corporation is that LLCs cannot have or issue stock. The rule of thumb is that if the entity is to own real real estate, the LLC is likely to be the best choice.

NON-PROFIT CORPORATION
A non-profit corporation is a corporation that is restricted from having or selling stock. Any income or profit cannot be passed to the directors, officers or members. A non-profit seeking tax exempt status must apply with the IRS. We recommend that you seek assistance from an attorney or accountant when applying for tax exempt status. We prepare generic non-profit Articles of Incorporation and therefore recommend that your attorney or accountant prepare the incorporation documents so that it meets the IRS requirements under Secion 501 (c)(3).

The above information is general in nature. If you are not positive about which type of entity is best suited for your business, please contact us at (302)424-1996 for more information.

I HAVE MORE QUESTIONS.       Back  |  Home

If you have any questions:

  • Call my office at (302)424-1996.
  • E-mail smorris@delcollections.com with your specific questions.

I WANT TO GET STARTED RIGHT AWAY!       Back  |  Home

Use the link below to get started!