HOW MANY PERSONS DO I NEED TO REGISTER A C-CORP IN DELAWARE
June 15, 2023June 15, 2023
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By In Business Law

For several reasons, the State of Delaware seems to be the State of choice for African startups. This does not however mean that there are no benefits that come with setting up your company in other States in the US, particularly as a non-US resident.

In our previous article, we considered another State in the US that could be a good option for non-US residents as well as how to determine which State is ideal for your business goals. You may check it out here.

As a non-US resident, registering a company in a new territory can be tasking. You have many concerns to bother about starting your new company such as; capital, licensing, immigration requirements, tax liabilities, etc.

One of the common questions we get asked by clients who are considering setting up in Delaware is; “How many persons do I need to register a C-Corp in Delaware?” Or I’m the sole founder for now, do I need other members to set up a C-Corp in Delaware, especially as a non-US resident?

We’ll be providing the answer to that.

HOW MANY PERSONS DO I NEED TO REGISTER A C-CORP IN DELAWARE?

As a non-US resident, the minimum number of persons required for setting up a C-Corp in the State of Delaware is one person.

However, under certain circumstances, and depending on your goal for incorporating in Delaware, a single-owned C-Corp may not be a suitable option.

It is therefore strongly advised that you get professional advice prior to registration on various areas relating to the formation of your Delaware C-Corp such as;

1. Board composition

2. Share capital contribution

3. Delegation of powers and

4. Issuing of shares

Need help with setting up a C-Corp in Delaware? Our team of experts are available to assist you on your company formation journey. All you have to do is click the Whatsapp link on the lower right part of this page or REACH OUT TO US HERE and we will be delighted to assist you.

Cynthia Tishion

Cynthia Tishion

Cynthia is a lawyer and currently serves as Head of Corporate / Commercial Services at LEX – PRAXIS. With her passion for business and entrepreneurship, she is actively engaged in creating awareness on the legal aspect of businesses through various platforms such as writing, public speaking engagements.

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