Limited Liability PartnershipUnited States · Delaware
What it takes to form, own and run a limited liability partnership in United States · Delaware, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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estate, association (including any group, organization, co-tenancy, plan, board, council or committee), corporation, government (including a country, state, county or any other governmental subdivision, agency or instrumentality)
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The statement of qualification must contain: (1) The name of the partnership;
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A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Limited Liability Partnership.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- A company may be one
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estate, association (including any group, organization, co-tenancy, plan, board, council or committee), corporation, government (including a country, state, county or any other governmental subdivision, agency or instrumentality)
- Members
- At least 2
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In order to form a limited liability partnership, the original partnership agreement of the partnership shall state that the partnership is formed as a limited liability partnership, and the partnership shall file a statement of qualification
- A local company secretary
- Does not apply
- A local registered agent
- Required
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The address of the registered office and the name and address of the registered agent for service of process required to be maintained by § 15-111 of this title
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the Limited Liability Partnership.
Important dates
When each obligation falls due, as the authority states it.
- File the LLP annual report with the Secretary of State
- 1 June
With Delaware Secretary of State (Division of Corporations)
Due June 1 each year following the calendar year in which the statement of qualification became effective; failure to file and pay by June 1 of the following year revokes LLP status.
What is public
Not in our records What the register shows the public is not in our records for the Limited Liability Partnership.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners+1 regime
A partnership does not pay federal income tax; it passes profits or losses through to its partners. The Delaware level was not read for this type.
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A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax.
Special regimes that may apply
- Qualified opportunity zones free zone
Taxpayers with eligible gains who invest them in a Qualified Opportunity Fund holding property in a designated zone 26 U.S.C. § 1400Z-1 (designation) and § 1400Z-2 (deferral and exclusion), enacted by the Tax Cuts and Jobs Act of 2017, Public Law 115-97
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in United States
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Cancellation of the statement of qualification (the partnership remains a general partnership), or dissolution and winding up of the partnership.
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until the statement of qualification is canceled pursuant to § 15-105(d), § 15-111(d), or § 15-111(i)(4) of this title or revoked pursuant to § 15-1003 of this title.
- Statutory fee
- Not in our records
Every business in United States · Delaware
Sales and consumption tax
- The tax
- Sales tax (state and local)
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you can elect to deduct state and local general sales taxes
- Standard rate
- Set by the states or provinces
There is no national VAT or sales tax; rates are set by each state and locality.
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you can elect to deduct state and local general sales taxes
- Registration threshold
- Not in our records
- A foreign company
- See the note
Sales tax is administered by state and local authorities, not the federal government, so there is no national registration rule to record.
- Tax authority
- Internal Revenue Service (IRS) at federal level; sales tax is administered by state and local authorities
Portals and registers
- Business registerNone — state-level business registries; no single national registry
- Tax authorityInternal Revenue Service (IRS)
- Tax treatiesUS Department of the Treasury - Tax Treaties
Payment and banking services
6 services name United States on their own list: Paysera, Airwallex, Stripe, Revolut, Brex, Mercury. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited liability partnershipDerived our grouping, the same words in every country
- Name in law
- Limited Liability Partnership
- ISO 20275 code
- 1HXPSecondary GLEIF, Entity Legal Forms code list