How to incorporate the business name in the state of Delaware?
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.
- 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.
