Information about setting up new company

For-profit corporations

• A corporation is a legal entity, created by statute (i.e., the state) with all the rights, privileges and responsibilities of a natural person; possessing the attributes of limited liability, centralized management, continuity of life and free transferability of interest.

The name of the corporation

• The corporate name ending must contain the word "Association," "Company," Corporation," "Club," "Foundation," "Fund," "Incorporated," "Institute," "Society," "Union," "Syndicate," "Limited," or the abbreviation "Co.," "Corp.," "Inc.," "Ltd.," or words or abbreviations of like import in other languages. The name must be distinguishable from the names of other corporations organized, reserved or registered as a foreign corporation under the laws of Delaware. Use of word "Trust" is prohibited except for corporations under supervision of the Bank Commissioner.

• Articles of Incorporation containing the following information :
• • The name of the corporation.
  • Its Registered Office in the State of Delaware is to be located.
  • The nature of business and the objects and purposes proposed to be transacted, promoted and carried on , are to engage in any lawful act of activity for which corporations may be organized under the General corporation Law of Delaware.
  • The amount of the total authorized capital stock of this corporation.
  • The name and mailing address of the incorporator.
  • All of the corporation’s issued stock, exclusive of treasury shares, shall be held of record by not more than thirty (30) persons.
  • All of the issued stock of all classes shall be subject to one or more of the restrictions on transfer permitted by Section 202 of the General Corporation Law.
  • The corporation shall make no offering of any of its stock of any class which would constitute a “public offering” within the meaning of the United States Securities Act of 1933, as it may be amended from time to time.

• Filling Fees :
• • State Tax & Filing Fee $89.00
  • Fee Certified Copy (each) $30.00
  • Same Day Fee $100.00
  • 24-Hour Fee $50.00