A Delaware LLC can be owned entirely by foreigners outside the United States. Alternatively, the Delaware LLC can be owned by a foreign corporation or other entity outside the United States, without any US owners.
What is a public benefit LLC?
A Statutory Public Benefit LLC is defined as a for-profit LLC that is intended to produce a public benefit and operate in a responsible and sustainable manner. Like a traditional Delaware LLC, it is formed by filing a Certificate of Formation with the Division of Corporations.
What makes a Delaware LLC a foreign entity?
In Delaware, an LLC or Corporation is formed with the Delaware Division of Corporations. That will be referred to as your “domestic state.” Your business will be considered a “foreign entity” in states outside your domestic state (America has 50 different states and a couple extra jurisdictions).
Can a foreigner start a business in Delaware?
You can start a business in Delaware from anywhere in the world. In fact, many of our clients are not living in America. We do not charge foreigners more money for filings, however, we would encourage you to review our resources section to make the whole process easier for you, specifically checking our Delaware LLC and Delaware Corporation pages.
What does it mean to have a foreign LLC?
In essence, the LLC is “foreign” to the new state. The reason for this type of terminology is that every single state is governed by different laws. A Foreign LLC is not an LLC that is formed outside of the United States. The requirement to file for a Foreign LLC is usually to expand one’s business operations…
Can a non-US resident be a director of a Delaware LLC?
Can a Non-U.S. Resident Be an Officer or Director of a Delaware Corporation? Yes, the state of Delaware permits foreigners to act as officers or directors of a Delaware corporation. Delaware also allows foreigners to act as members of a Delaware LLC.
