LEARN MORE ABOUT DELAWARE
Capital: Dover
State abbreviation/Postal code: Del./DE
Governor: Ruth Ann Minner, D (to Jan. 2009)
Secy. of State: Harriet Smith Windsor, D
INCORPORATE OR FORM AN LLC & SERIES LLC IN DELAWARE
Benefits of incorporation in Delaware may be substantial for your business, if your business is located in another state, your home state's corporate filing fees and reports may still be required. We can provide you with information about your area so you can decide if a Delaware corporation is the right move for you.
There are a number of business entity types to consider when you are deciding the structure of your Delaware business. The most advantageous entities to form in Delaware are typically corporations or LLCs. Although other entity options are possible, these are the entities that offer the highest level of liability protection in Delaware. As you review the characteristics of incorporating or forming an LLC in Delaware, be sure to keep in mind both the present and future needs of your business. Often, when you start a business it begins as a small organization.
According to Delaware Department of State, Division of Corporation’s 2006 Annual Report the number of active business entities in Delaware has grown 50 percent in the last six years to a total of more than 765,000. In 2006, Delaware welcomed more than 145,000.
To read more about this report click here
➣ Delaware is universally recognized as the most corporate-friendly state and the best place to incorporate a Company in the United States. Delaware has been voted by the US Chamber of Commerce as the best legal system in the nation for five consecutive years (Harris Poll State Liability Systems Ranking Study, United States Chamber of Commerce Institute for Legal Reform, 2006)
➣ Names and addresses of shareholders and directors of a Delaware Company do not appear within public records. Moreover, during incorporation process, there is no obligation to provide this information to the State of Delaware.
➣ No minimal capital investment in the Company is required
➣ The Company has no obligation to have a bank account in Delaware.
➣ The Delaware Company headquarters may be located anywhere in the world. The Company has no obligation to have its headquarters in Delaware, nor to conduct any business in this state. The sole obligation for the Company doing business somewhere other than Delaware is to be represented by a Registered Agent in Delaware
➣ The same person can be Shareholder, Director and Officer of a Delaware Company. Directors can establish the price they wish for the sale of the Company's shares. They can also adopt, modify or repeal any Company bylaw.
➣ If the Company does not do business in Delaware, it does not have to pay any income tax to the state.
➣ If a Delaware Company shareholder doesn't reside in the state, he doesn't have to pay any taxes concerning the Shares.
➣ There is no sales tax in Delaware.
➣ If a Delaware Company shareholder doesn't reside in the state, the said shares are not subject to inheritance tax in case of death.
➣ The Delaware Court of Chancery is the oldest business court in the country and uses judges instead of juries
➣ Delaware adopted a whole set of corporate laws which are very favorable to companies and which recognize contractual freedom. The "General Law Corporation" of Delaware is one of the most evolved and flexible corporate laws in the United States.