So your Shopify store is a success, and it’s time to move the business on to the next level. If you’ve already decided that taking advantage of the benefits of incorporating is the way ahead, then you need to decide which jurisdiction to do this in.
Registering your business in Delaware offers many positives for the typical Shopify store operator, most of which involve the comparative simplicity and ease of incorporating there – and with over 800,000 corporations and LLCs already registered in Delaware, it’s clear that many other small concerns have already recognized how business-friendly this state is.
A Delaware incorporation is especially well suited to small businesses such as a Shopify store, as many of the legal aspects are less onerous than in some other states. For example, with a Delaware incorporation or LLC, there is no requirement to have different people holding the posts of director, officer, and shareholder – a single individual can perform all three functions, which is ideal for smaller concerns.
Similarly, there are no minimum capital requirements for a Delaware incorporation, making it much easier for a low volume retailer to become a company there than elsewhere.
There is no need to be a resident of the state, and indeed there’s no necessity for the corporation to actually carry out any of its business within Delaware – the registered office, bank accounts, directors’ meeting locations and so on can all be based anywhere in the world.
What’s more, a Delaware corporation is not liable for local taxes when business is carried out outside the state – all of which makes this an attractive location to incorporate a small business such as a Shopify store.
Registering your corporation or LLC in Delaware is straightforward, and made even easier by using the services of Inc. Plan(USA) who will handle all the legalities as well as assisting with other business matters such as opening a Delaware bank account, setting up mail forwarding, and more, leaving you free to push your Shopify business efforts onward.
Based in Delaware, Inc. Plan(USA) can help you to establish your business across all 50 US states and beyond. Our company has been serving the global business community since 1990, and has a track record of excellence in helping entrepreneurs form successful corporations.