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With a Delaware LLC
, formalities such as minutes, board meetings, drafting bylaws
, corporate resolutions, the issuing of shares of stock, appointing officers and directors are all eliminated. Ownership, operations and management of the LLC are governed by a written agreement among its owners that is not required to be publicly filed or disclosed to the Delaware Division of Corporations
, making the LLC very easy to operate and maintain. By eliminating the formalities that come along with a corporation, the Delaware LLC now accounts for 70% of all the new entities created with the State of Delaware Division of Corporations.
You don't have to list who is the owners of the LLC are and only need 1 owner - that can be you individually.