WHY SHOULD YOU CHOOSE DELAWARE TO INCORPORATE?
Did you know that more than %60 of the Forbes 500 companies are incorporated in Delaware even if they may not do business in that particular state?
Many businesses that seek to expand globally or open to the U.S. market; as well as investors who seek to see their capital growing under the umbrella of a reliable business prefer to do these in Delaware. Delaware is the most famous and popular place for businesses worldwide and there are very good reasons for it.
The corporate law structure of Delaware which is accepted to be business-friendly is without doubt the first reason to incorporate in Delaware. The state is, from the beginning, has developed its law structure based on the well-being and the fertility of world’s most attractive business center. In its quest, Delaware has managed to attract millions of business from within the U.S. and from other state ranging to whole six continents.
The processes in the courts regarding any business-related activity and transactions go unexpectedly smooth and fair than it would be in any other state or country. This is basically due to the experience that the courts have owing to their daily routine of dealing with business-related cases. Also, the accumulation of knowledge that has derived from so many different and sample cases and the presence of experts for any business-related activity makes Delaware a unique place for incorporation.
The confidentiality of personal information when incorporation your business in Delaware is another reason to choose it. Unlike many other states and countries, Delaware does not oblige its business owners to disclose their personal information; such as their names and addresses. In other words, when forming a company in Delaware, only the company name and the information of a Registered Agent to run your daily routine is enough of an information.
No Sub-Limit for Incorporation
Most states and countries demand certain amounts of investments or at least a statement for your potential capital in a bank when incorporating. Delaware does not have such restrictions. This means almost anybody can form a business in the State of Delaware.*
*The sub-limit for incorporation is around 1$ million in most U.S. states.
No State Income Tax
If you have a business incorporated in Delaware; but you don’t do business there; which means you don’t have an income from the State of Delaware, you don’t pay state income tax. Logically it sounds right; however almost every state in the U.S. and the countries worldwide demand taxation at state level only for the presence of your company in their territories.
No Restrictions for Stock Prices
Many corporations choose Delaware to raise capital for their business and keep growing. Many states in the United States apply certain restrictions for the stock prices issuable in the market; however, in Delaware you are free to determine your stock prices.
Since Delaware has been very famous for its reliable business environment and especially its law structure, it is remarkably easy to raise capital in Delaware than in any other country or U.S. state. Many investors from around the world find it safe to invest in a Delaware company.
Fast and Easy Processes
From incorporation to any other transaction, Delaware is very easy to manage even for individuals who don’t seek professional help. Almost any process can be handled online and the directions are made clear by the state administration.
Nevertheless, it is always safer and faster to get some help; especially from someone who is experienced in incorporating business in Delaware.
If you need a partner to handle your processes or consultation for hat to do, contact us now.