Delaware Corporation

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if so where can I find more information on this?

Best Answer

Yes, go to Delaware.gov, it should give you the info you need.

Does Delaware Corporation that buys and sell non listed stock on Stock Exchange, means share of small businesses must be registered with SEC/NASD?

Best Answer

If they are not listed, then they are not on the stock exchange by definition. Only NASD listed stocks are on NASD. Any company selling securities has to be registered with the SEC.

Advantages of a delaware corporation? Can I get a solid answer from somebody that knows something?

Best Answer

According to their website: Businesses chose Delaware not for one single reason, but because we provide a complete package of incorporations services. The Delaware General Corporation Law is the most advanced and flexible business formation statute in the nation. The Delaware Court of Chancery is a unique 210 year old business court that has written most of the modern U.S. corporation case law. Delaware's State Government is business-friendly and accessible. Our Division of Corporation is a model state-of-the-art efficiency and our staff provides prompt, friendly and professional service to clients, attorneys, registered agents and others. These factors have all contributed to making Delaware a premier legal home to companies around the world.

any other implications regarding the total number of the shares, the share price etc.? How about founder chip in some initial bootstrap money? is there any concern on the tax as well?

Best Answer

No real tax implications from the number of shares, your basis will just be proportionately adjusted per share. However, there are annual fees in both Cayman and Delaware. In Delaware at least, the annual fee is based in part on the total amount of authorized shares, so the more authorized shares, the more your fee is, although there is a ceiling.

I have registered an LLC in Delaware. The LLC is not operational. I would like to add additional partners and change the LLC to a C corporation. What forms do I have to fill and who do I send it to?

Best Answer

Try this State of Delaware page: http://www.state.de.us/corp/ conversions.shtml