Delaware Incorporation: Incorporate in Delaware
It is very beneficial to incorporate in Delaware owing to the various advantages like the Delaware General Corporation Law and the flexibility offered for the process of corporate formation. Some of the main reasons to incorporate in Delaware are:
Incorporate in Connecticut
- Any kind of business can be incorporated
- Shareholders can be involved in writing instead of holding meetings
- New board members can be added and need not be shareholders
- Delaware does not require corporations to keep corporate records
- A single person can act as the only officer, director as well as shareholder of the corporation
- For companies doing business outside Delaware, there is no Delaware income tax
- There are no sales or personal property tax in Delaware
- The franchise tax is quite low compared to other states. It is usually $75 for most corporations and $250 for LLC.
Incorporate in Delaware
One the main reasons to incorporate in Delaware or form a Delaware LLC are to protect personal assets. It helps to separate personal assets from the company because if the company is formed without incorporating or forming an LLC, there is the likelihood that personal assets will be in danger in case of bankruptcy or legal issues. The statutory and judicial laws in Delaware area also very helpful to ensure smooth running of business.