First Down Funding fights Covid-19 for your Small Business. Read more

Apply Now! Contact Us

TOLL FREE: (833) FDFUNDING

Starting a Business in Delaware

A complete step-by-step guide to start your business and get on the fast track to financial success.

Small Business Funding
The Best for your Small Business

Get Pre Approved in Minutes!







Doing Business In Delaware

Delaware Business Facts

More than one million business entities have their legal home in Delaware including more than half of all U.S. publicly-traded companies and 64% of the Fortune 500. Businesses choose Delaware because we provide of our modern and flexible corporate laws, our highly-respected Court of Chancery, our business-friendly State Government, and the customer service oriented staff of the Delaware Division of Corporations.

Economy:

Because of Delaware’s lenient laws regulating business taxation and practice, some of the nation’s largest corporations, especially banking and financial services companies, have major offices in N Delaware. Since the 1990s the finance and insurance sectors have become increasingly important for employment and income and now dominant the state’s economy, although manufacturing and agriculture are still significant. The manufacturing, credit card, banking, and insurance industries are largely concentrated in the north, while farming is carried on mainly below the Chesapeake and Delaware Canal .

Major companies

With a diverse range of fast-growing industries, Delaware is synonymous with influential corporate leaders, from JP Morgan Chase to DuPont and Perdue Farms to Highmark Blue Cross Blue Shield.

The Division of Small Business is committed to connecting small businesses and entrepreneurs with the tools needed to start, grow and succeed, determined to attract new business to Delaware and dedicated to promoting tourism and economic growth to Delaware.

Wilmington, Delaware’s largest city, is experiencing rapid growth in the tech industry, with a growing number of tenants and a receptive attitude towards entrepreneurial ventures. The State’s friendly environment and less restrictive business laws have drawn many startups to the area, and measures such as the Delaware Founders Initiative promise to draw even more.

Small business

Delaware has 68,495 small businesses, according to the most current federal data available. Of those 68,495 small businesses in Delaware, 24,006 have employees. The remaining 44,489 are Delaware small businesses that have no employees.

Looking For A Small Business Funding?

Apply Online and find out your financing options

Apply for a business funding

STEPS TO STARTING A BUSINESS IN DELAWARE

Business Structure

Read More

Business Name

Read More

Business Registration

Read More

EIN Tax Number

Read More

Bank Account

Read More

Licenses & Permits

Read More

Branding & Marketing

Read More

Resources

Read More

FIND FUNDING

Step 1: Choose A Business Structure

The most common business structures are sole proprietorship, partnership, limited liability company (LLC), and a few different types of corporations—the standard corporation (often called a C corporation or “C corp”), the small business corporation (often called an S corporation or “S corp”), and the benefit corporation (often called a B corporation or “B corp”).

The most common business structures are:

Step 2: Choose The Right Business Name

Choosing a business name is important, you want to make it easier for your customers to remember it, here are some tips:

  1. Avoid hard-to-spell names.
  2. Don’t pick a name that could be limiting as your business grows.
  3. Conduct a thorough Internet search.
  4. Search and purchase a domain name.
  5. Use a name that conveys some meaning.
  6. Conduct a trademark search.

Step 3: Register Your Business

Depending on the business structure you chose you will need to register your business.

For Delaware DBA (Doing Business As) go to:

For Corporations go to:

https://corp.delaware.gov/

For LLC’s go to:

https://portal.ct.gov/DRS/Businesses/Business-Tax-Page/Starting-a–New-Business

Step 4: Obtain an EIN Tax Number

With limited exceptions, most businesses require an Employer Identification Number (EIN), also known as a Tax ID Number. An EIN is used to identify a business in its federal tax filings. Without an EIN, you can’t hire employees or open a business bank account.

Click Here to Apply for EIN number online

Step 5: Open A Bank Account

– Open a business bank account:

  • Separates your personal assets from your company’s assets, which is necessary for personal asset protection.
  • Makes accounting and tax filing easier.

– Get a business credit card:

  • Helps you separate personal and business expenses.
  • Builds your company’s credit history, which can be useful to raise capital later on.

Step 6: Licenses & Permits

Now that you’ve registered your business name you need to obtain a business license for your company – this authorizes your company to do business in your city or county. Typically this also involves registering for state taxes and permits (the city may require them as part of the business licensing process).

Here are some links for Delaware Businesses:

Selling products? Check Delaware Resale Permit

Business Licensing for the State of Delaware

Step 7: Branding & Marketing

Your brand is the image customers have of your business, so it’s important to determine who is your audience and what is the message that you want to project. That way, your company’s image will be what you intend it to be. It should be strategic and intentional.

Step 8: Establish a Web Presence

Creating an optimized website helps you to gain important visibility for the right terms. A website is a powerful sales tool and one that allows you to address your customers’ concerns, give them the information they need to make a decision and create compelling calls to action.

In addition to a website, you should also consider other avenues for promoting your business online:

Join Local Networks

Delaware Business Incubator Network

First Down Funding is Funding America – Small Business Funding – Inventory Funding – Flexible Business Financing – Working Capital Funding – Short Term Funding – Long Term Funding – Contact First Down Funding For Funding Options (866) 644-1353

error: Alert: Content is protected !!