The fact that a large portion of the Fortune 500 companies incorporating in Delaware may attract great sums of business people. Like Connecticut, Delaware is one of the smallest states in the nation, however, their population density ranks in the top 10. Many people incorporate in Delaware due to the advantageous tax system, which may be the perfect opportunity for many potential business owners.
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Main features & Advantages
- Delaware ranks 8th in Business Tax Climate
- One of the most business friendly states in the country
- Large portion of Fortune 500 companies incorporate in Delaware
- Offers impressive privacy protections
- Annual franchise tax process
- Moderate tax burdens
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A corporation is a legal entity that is created under the laws of a State designed to establish the entity as a separate legal entity having its own privileges and liabilities distinct from those of its members.
Limited liability company, flexible form of business enterprise that blends elements of partnership and corporate structures organizations.
A nonprofit organization is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals.