hat state Incorporates process, however there are
more than a half-million services that allow same day, and
business entities, 2 hour filing. There is no
including more than half of the corporate income tax for
Fortune 500 companies? New York? corporations incorporated in
California? Illinois? No. No. No. Delaware, but not transacting
That state is Delaware. With a business in the state. Further,
population smaller than 88% of the cost to incorporate is one of
all states, this the lowest in the country, and
business-friendly state attracts one person can hold all officer
more corporations than any of the positions of the corporation.
major cities. Businesses choose Officer names are not required to
Delaware simply because of their be listed in the articles of
flexible corporate laws, highly incorporation. Shares of stock
respected Court of Chancery, a owned by persons outside of
business-friendly State Delaware are not subject to
Government, and a customer Delaware taxes.
service oriented Staff of the
Delaware Division of Delaware maintains a separate
Corporations. corporate court system, called
the Delaware Court of Chancery,
Among the many business-friendly that does not use juries, but
laws, Delaware does not require only uses judges appointed for
corporations to operate in the their expertise in corporate law.
state, only to maintain a The Delaware Court of Chancery is
registered agent, who may be an a 210-year-old business court
individual resident, or an that has written most of the
existing domestic corporation. modern U.S. corporation case law.
Additionally, incorporations It is widely recognized as the
typically take 24 hours to nation's most distinguished
agency for dispute resolution more like a business rather than
involving corporate litigation. a government bureaucracy with its
The state legislature takes leading edge technology, and
seriously its role in keeping the customer-service oriented staff.
corporation statute, and other
business laws current. Their Delaware may make sense for large
unique expertise in, and exposure corporations, however it may not
to issues of business law are be worth the effort for small,
supreme. Currently the Court of privately held corporations who
Chancery has made docket do business in their home state.
information, and pleadings Although Delaware does not tax
available over the Internet for out of state businesses, taxes
civil actions filed in the Court. must be paid in the state the
business is operating. While
incorporating fees are lowest in
Delaware's State Government is Delaware, appointing a corporate
business-friendly and accessible. agent to receive official notices
The Division of Corporation is in in Delaware may negate any
the forefront of efficiency, and realized costs savings. All
their professional staff provides factors considered, Delaware is a
prompt, friendly services to premiere legal home to companies
clients, attorneys, registered all around the world.
agents and others. The office of
the Secretary of State operates
About the Author:
Jay B Stockman is a contributing editor for Online Small Business Consulting Visit http://small-business-usa.com/ for more information.
Source: www.isnare.com
