Delaware Incorporation Guide
At first glance Delaware incorporation seems easy as 1-2-3. This popular idea is also supported by many success stories available on the Internet and in the business media, but beyond them stand some very important decisions.
Mainly these decisions concern upon the type of the future company, LLC or Corporation. Both have pros and cons but always one fits better then the other for each particular case.
Incorporating in Delaware has its own advantages that beat the benefits offered by other states.
Delaware incorporation is fast, your company being available for operating the very next business day, after you order the formation service from an incorporator. Most of them file the incorporating papers to the authorities early next day.
Incorporating in Delaware has another major benefit: affordable costs. For most cases you only need to pay the incorporator company or individual, pay the rent for a registered agent and the yearly franchise tax.
Being a tax heaven, your Delaware company will pay income tax only for operations made within the state, making it ideal for off shores. Speaking of this, many international individuals and companies decide to incorporate in Delaware both for the tax benefits and for developing a serious and prestigious brand as an American company.
Nevertheless, Delaware has a business friendly law system, enabling companies to develop faster. Its judicial branch also features one of the few equity courts in the nation, the Court of Chancery.
We will start the guide by deciding which business entity is better for you, a LLC or a Corporation?