Located on the Atlantic coast, halfway between New York and Washington D.C., Delaware is one well known for its ease in acquiring and maintaining an Inc. or LLC.
Anybody, resident or not, can easily incorporate in the state of Delaware.
More than half a million business entities have their legal home in Delaware including more than 50% of all U.S. publicly-traded companies and 59% of the Fortune 500 companies.
Your company must have a physical place of business and agent for service in the state in Delaware but this is something we provide as part of our resident agent service.
Advantages of Delaware Companies
- There is NO corporate income tax for corporations as long as you do not transact your business in Delaware. You can therefore effectively incorporate your business in Delaware, operate in another state or country, and pay no corporate income tax
- There is NO sales tax if you are not operating within the state
- You must pay an annual franchise tax but this is often just a $75.00 flat fee, or $250.00 for a LLC incorporation
- And the tax benefits do not stop there; shares of stock are not subject to Delaware state taxes if the owner lives outside of the state. One individual may act as the company president, secretary, treasurer, and sole director