ADVANTAGES:
Delaware has long been a great place to incorporate in. In
fact, over half
of the Fortune 500 companies are incorporated in Delaware.
The reasons for
Delaware popularity are many:
- The cost to incorporate in Delaware is one of the lowest
in the country.
- There is no corporate income tax for corporations incorporated
in Delaware but not transacting business in the state.
- Delaware maintains a separate corporate law court system, called
the Delaware Court of Chancery, that does not use juries, but only uses
judges appointed for their knowledge of corporate law.
- One person can hold all officer positions of the
corporation-president, secretary, and treasurer-and serve as the sole
director. These names are not required to be listed in the articles of
incorporation.
- Shareholders, directors, and officers of the corporation need
not be residents of Delaware.
- Shares of stock owned by persons outside of Delaware are not subject
to Delaware taxes.
HOW LONG DOES IT TAKE TO INCORPORATE IN DELAWARE?
- After we receive a paid order for a Delaware formation,
we will reserve the name with the state that or the next business day. The
certificate of incorporation or organization is prepared and filed from our Delaware
office. For expedited orders, the state typically approves filings within 5 to 7 business days after
receiving the filing. For non-expedited orders, the state can take as long as 4 to 6 weeks to approve
the filing. After the state approves your filing, corporate or LLC existence begins for your company.
The paperwork is returned to Business Pro Net, scanned into our Online Corporate Status Center, and shipped
to you. Express shipping is included with Business Pro Net expedited processing service, otherwise
the completed documents will be sent to you via regular U.S. mail.
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