Evaluating states to invest in is not an easy thing. There are many factors to consider before investing in anything. This article endorses Delaware for the strength of the local economy and the role of state government in business. More than half a million business entities have their legal home in Delaware including more than 50% of all U.S. publicly-traded companies and 60% of the Fortune 500. Businesses choose Delaware because the state provide a complete package of incorporation services including modern and flexible corporate laws, our highly-respected Court of Chancery, a business-friendly State Government, and the customer service oriented Staff of the Delaware Division of Corporations. 1. Flexible Laws Delaware’s General Corporation Law has the most advanced and flexible business formation statutes in the United States. It is designed to provide maximum flexibility in the structuring of business entities and the allocation of rights and duties among founders and shareholders.
2. Reliable Court System If you do end up going to court to settle a dispute, Delaware’s Court of Chancery uses judges instead of juries. I don’t know about you, but I’d rather place my startup company’s legal fate in the hands of a well-trained expert than people whose legal experience consists of The People’s Court and Law and Order re-runs.
3. Precedence = Less Litigation Since judges are used, decisions are issued as written opinions that your startup company can rely on. Thus, most Delaware corporations do not end up litigating disputes because their professional advisers examine these published opinions and construct deals to avoid lawsuits.
4. It’s a Value Proposition Fees for Delaware formations are modest, compared not only to international venues, but also to other states.
Ownership does not need to be disclosed to the state: This assures that if you choose, the identity of the shareholders, officers and directors is not a matter of public record. In our world of constantly diminished privacy this is a valuable consideration.
No disclosure of ownership transfer: Sales of non publicly traded entities can be conducted privately.
Minimal disclosure and reporting requirements: When initial filings are done, officers and directors are not listed. In subsequent filings, officers and directors may be disclosed in corporate filings. With limited liability companies all documents may be signed simply by an “authorized person.”
For your Incorporation, Virtual Office, Banking, and Merchant Service Needs please visit www.incplan.net.