If you have one rental property in Florida, for example, you can form a Delaware LLC to hold the title of the property. The answer is simple: Florida doesn’t provide the same protections, referenced earlier, that a Delaware company provides. This is not to say that many investors don’t do just that.

Do I need to live in Delaware to form an LLC?

Delaware allows anyone 18 years of age or older to form an LLC. You do not need to be a Delaware resident, a U.S. citizen, or conduct any business activities in Delaware. Even if you operate your business solely in Florida, you can still form a Delaware LLC.

Can a Delaware corporation do business in Florida?

If you are operating a Delaware corporation in Florida, your corporation will be domestic to Delaware but considered a foreign corporation doing business in Florida. People initially form a Delaware corporation and then register as a foreign entity in Florida (as the same business). This process is called Foreign Qualification.

What is the division of corporations in Florida?

The Division of Corporations is the State of Florida’s official business entity index and commercial activity website.

What makes Delaware a good place to incorporate?

More than one million business entities take advantage of Delaware’s complete package of incorporation services, including modern and flexible corporate laws, our highly-respected Judiciary and legal community, a business-friendly government, and the customer-service-oriented staff of the Division of Corporations.

Can a Delaware corporation incorporate without a DGCL?

Delaware Unless otherwise provided in the certificate of incorporation, the DGCL permits corporate action without a meeting of stockholders upon the written consent of the holders of that number of shares necessary to authorize the proposed corporate action being taken.