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All the Advantages corporating in Delaware
International Reputation
Delaware is universally recognized as the most corporate-friendly state and the best place to incorporate a Company in the United States. Over 60% of Fortune's 500 companies and 50% of the companies registered with the New York Stock Exchange are Delaware companies.
Anonymity
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.
Investment Required
No minimal capital investment in the Company is required, unlike some other States that require a minimum of $1,000. In addition, shares issued may have no par value.
Bank Account
The Company has no obligation to have a bank account in Delaware.
Headquarters
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. Actually most shareholders, directors and officers of Delaware companies never set foot 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 Company may also have a mailing address in Delaware.
Shareholders, Directors and Officers
The same person can be Shareholder, Director and Officer (e.g. President, Vice-President, Secretary and Treasurer) of a Delaware Company. Many other States require a minimum of three persons in order to fill the Officers' positions. In addition, there is no obligation for Shareholders, Directors and Officers to reside in Delaware nor to hold any meetings there.
Freedom of Directors
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.
Corporate Income Taxes
If the Company does not do business in Delaware, it does not have to pay any income tax to the state.
Personal Taxes
If a Delaware Company shareholder doesn't reside in the state, he doesn't have to pay any taxes concerning the Shares. In addition, there is no sales tax in Delaware.
Inheritance Tax
If a Delaware Company shareholder doesn't reside in the state, the said shares are not subject to inheritance tax in case of death.
Favorable Legislation
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. Moreover, the lawmaker constantly updates the laws concerning companies in order to meet their needs for effectiveness.
Specialized Courts
The Courts of Delaware and, in particular, the court exclusively dedicated to corporate businesses (Court of Chancery), are unique in the United States. They are backed by over 200 years of jurisprudence, ensuring predictability and stability of legal decisions.
Low-Cost Incorporation
The incorporation costs of a Delaware Corporation are among the lowest in the United States. In addition, the annual Franchise Tax is comparable to any other state Franchise Tax - usually US$60 for a Corporation and US$200 for an LLC.
Quick Incorporation
It is possible to incorporate a Delaware Company very quickly, in as little as 24 hours (expedited service is available for an additional fee).
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