Have you been considering starting a corporation but want to make sure it’s incorporated in the best place possible for your business? Does it seem like so many businesses you encounter on a day-to-day basis have incorporated in Delaware? There are many reasons for that. Here at the Corporation Center, we offer corporate documents all across America. That said, Delaware is one of the most popular states to incorporate in, bar none. There is far more than just a single benefit of incorporating in Delaware.
Low Taxes Indeed
If you’re outside of Delaware and are considering incorporating in Delaware, know that the state wants you to incorporate there as well. The tax savings can be significant indeed. For example, if a Delaware corporation conducts business outside of the state of Delaware, they don’t have to pay a state sales tax. Stock that is held by residents of states other than Delaware doesn’t have to pay any inheritance tax on that stock. In fact, you don’t have to acquire a business license in Delaware if your Delaware corporation isn’t operating in the state of Delaware. Those are just some of the tax savings from incorporating in the state.
Privacy
You don’t have to list the names of any of the company’s owners when you file it in Delaware. So, that means that it’s all that much more difficult for someone to find the personal information of you, any other owners, etc. On top of that, maybe there are members of your LLC or managers of your LLC who don’t want their name and/or address as a matter of public record. You don’t have to make them a matter of public record in the state. Incorporate in Delaware and you can have some real privacy for your business.
Efficiency in Multiple Ways
The Delaware Court of Chancery, unlike many other similar courts in other states, doesn’t use juries. Instead, it uses judges. As such, legal proceedings tend to go faster in this state than in others. Without different members of the jury having to reason it out and work together, the judge can just make a ruling. So long as you have a Delaware Registered Agent, you don’t have to live in Delaware, either, to incorporate your company there.
More Than One Benefit of Incorporating in Delaware Through Our Site
The above are just some of the reasons that business professionals, for decades, have incorporated their businesses in Delaware no matter where they are. Here at our site, you can find all of the forms you’ll need to start your Limited Liability Corporation, Partnership, or Corporation in the state of Delaware. That said, we’re the “Corporation Center,” and not the “Delaware Corporation Center.” You can find the necessary documents to start businesses all across America at our site as well. To see all of the ways that we can help with the corporation documentation process, we encourage you to click through our site.
