The short answer
Yes — Delaware is a reasonable LLC home for the right founder. Strong points: Court of Chancery, Strong corporate law.
Three deciding questions
1. Do you live or operate in Delaware?
If yes, form here. Out-of-state formation while operating in Delaware costs double, not half.
2. What is the 5-year all-in cost?
$3,360 (filing + 5 × annual report + $50 registered agent + franchise minimums). This is the actual number to compare across states.
3. What are your three real requirements?
- Privacy: 7/10 (moderate — members appear on public filings).
- Banking: 10/10 (top-tier — Mercury, Brex, every bank accepts).
- Cost: high 5-year total.
Delaware pros
- Court of Chancery
- Strong corporate law
- Anonymous members allowed
- Universal bank acceptance
Delaware cons
- $300/year franchise tax
- Higher cost than Wyoming
Most common alternative
Wyoming for cost + privacy. Delaware for VC-backed startups. Your home state if you operate there. Run the 5-question quiz for a personalized shortlist.