Delaware: The Incorporation Capital Of America

October 21st, 2022 by admin Leave a reply »

Why Delaware?

Delaware is famed to be the “incorporation capital” of America – more than 60% of Fortune 500 companies are incorporated in Delaware. According to Delaware Department of State,Guest Posting Division of Corporation’s 2006 Annual Report the number of active business entities in Delaware has grown 50% in the last six years to a total of more than 765,000. In 2006, Delaware welcomed more than 145,000 new businesses.

The reason why so many Fortune 500 companies are drawn to this state is the fact that Delaware has an excellent body of corporate case law spanning 110 years regarding such matters as management/shareholder issues and mergers/acquisitions. More and more people choose to incorporate in Delaware because of the friendly conditions offered by that state.

Advantages of Incorporating in Delaware

Here are some advantages of incorporating in Delaware:

Names and addresses of shareholders and directors of a Delaware Company do not appear within public records. Moreover, during incorporation process, there is no obligation to provide this information to the State of Delaware.

No minimal capital investment in the Company is required

The Company has no obligation to have a bank account in Delaware.

The Delaware Company headquarters may be located anywhere in the world. The Company has no obligation to have its headquarters in Delaware, nor to conduct any business in this state. The sole obligation for the Company doing business somewhere other than Delaware is to be represented by a Registered Agent in Delaware

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