Delaware corporate name
The corporation's name must contain the word "Association," "Company," Corporation," "Club," "Foundation," "Fund," "Incorporated," "Institute," "Society," "Union," "Syndicate," "Limited" or the abbreviation "Co.," "Corp.," "Inc.," "Ltd." or words or abbreviations of like import in other languages. The name must be distinguishable from those of other corporations organized, reserved or registered as a foreign corporation under the laws of Delaware. Use of words "Bank," "Banc," "Banque" and "Trust" need approval from the Department of Banking.
The following are Delaware’s requirements for directors of corporations:
- Minimum number. Corporations must have one or more directors.
- Residence requirements. Delaware does not have a provision specifying where directors must reside.
- Age requirements. Delaware does not have age requirements.
- Inclusion in the Certificate of Incorporation. Director names and addresses are not required to be listed in the Certificate of Incorporation.
Requirements for the Certificate of Incorporation
The document required to form a corporation in Delaware is called the Certificate of Incorporation. The information required in the formation document varies by state. Delaware's requirements include:
- Officers. Officer names and addresses are not required to be listed in the Certificate of Incorporation.
- Stock. Authorized shares and par value must be listed in the Certificate of Incorporation. An increase in the number of shares or par value can affect initial filing fees.
- Registered agent. Corporations must list the name and address of a registered agent with a physical address (no post office boxes) in Delaware. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.