A Guide for Singapore-Based Founders (Delaware Only)
Delaware is the preferred U.S. jurisdiction for Singapore-based founders expanding into the United States, particularly for technology, SaaS, e-commerce, and investment-driven businesses. Delaware offers a well-established legal framework, strong investor familiarity, and predictable corporate governance rules.
While incorporation in Delaware can be completed quickly, ongoing tax compliance, banking, and cross-border structuring require careful planning, especially for non-U.S. founders.
Delaware Company Structures: C-Corporation vs LLC
Choosing between a Delaware C-Corporation and a Delaware LLC has long-term implications for tax exposure, fundraising, and compliance, particularly for Singapore-based founders.
Comparison Overview
Delaware C-Corporation vs Delaware LLC comparison table is reflected in structured text format.
Delaware Incorporation Basics
Incorporating a Delaware entity typically involves:
– At least one shareholder or member
– Appointment of a Delaware registered agent
– Filing of formation documents with the Delaware Secretary of State
– Issuance of shares or membership interests
– Application for an Employer Identification Number (EIN)
Typical incorporation timeline is 3 to 10 working days, subject to EIN approval.
U.S. Bank Account Setup
Opening a U.S. bank account requires approved incorporation documents, EIN confirmation, KYC documents, and business profile.
Ongoing Compliance and Tax Filing Deadlines
C-Corporation: Form 1120 due 15 April (extension to 15 October)
LLC (Multi-member): Form 1065 due 15 March (extension to 15 September)
Delaware Franchise Tax:
C-Corp: 1 March
LLC: 1 June
Singapore Cross-Border Considerations
Includes withholding tax, transfer pricing, overseas income reporting, and treaty considerations.
Conclusion
Assembly Works ensures your Delaware entity is structured, banked, and compliant.