No matter where you happen to live in America, there are countless opportunities to launch a successful business. Whether you are interested in opening a small, mom-and-pop retail location, or you have eyes on creating the next corporate behemoth, your entrepreneurial destiny is firmly in your hands. You should know, though, that starting a profitable business calls for a lot of tough work and difficult hours. In fact, if you are mapping out your business strategy, you should probably be prepared to surrender your nights and weekends for the foreseeable future. The trade-off, however, is that with enough hard work, you can create a business that you are proud of while providing a solid livelihood for you and your employees. You might first want to consider, though, where in this sprawling nation you wish to locate your company. In your research, you may come to understand the benefit of Delaware corporation forms.
The average person may not associate the state of Delaware with entrepreneurship. If they think anything at all about the First State, it probably conjures images of George Washington and America’s founding. In truth, though, Delaware is a hotbed of commerce, and it is home to a majority of the companies that make up the Fortune 500 list. So, what is the reason for this? Well, for one, Delaware has rather favorable corporate tax rates, which will always be a draw for business owners. More importantly, though, Delaware is home to the Chancery Court, which is one of the oldest legal systems in the land. Instead of relying on juries to resolve business law matters cases in the Chancery Court are decided by judges who have a strong grasp on the nuances of corporate law. As you can probably imagine, this creates a favorable environment for businesses in the state of Delaware.
Enjoying the Benefit of Delaware Corporation Forms
Beyond the acknowledgment of the Chancery Court, there are other benefits that come with forming a corporation in Delaware. For example, you may be able to receive “pass-through” status with the Internal Revenue Service (IRS). This means that you and your fellow incorporators will be able to pass gains, losses, deductions, and credits generated by your business down to yourselves. A corporation also has the ability to issue stock to outside investors, which is a great way to raise the quick funds necessary to further grow your business.
To start your Delaware corporation, you will first want to choose a name for your business that meets the state’s guidelines. Then, you will want to appoint a registered agent to receive all legal correspondence on behalf of your business. Lastly, you can use our web forms to draft your articles of incorporation, provided you have a handful of details about your business and its incorporators.
Get Your Business Started the Easy Way
Looking to start your own Delaware corporation? Work with us today. We have online forms for structuring businesses in all 50 states. Browse our site to learn more, or visit our Frequently Asked Questions page.