Incorporating companies like CorpCo.com provide registered agents to act as the official representative of any business that chooses to incorporate.  A company that chooses to incorporate in Delaware must have a registered agent in Delaware.  If a company wants to incorporate in Nebraska, then they would need to have a registered agent in Nebraska.  Registered agents provide these companies with a business address.  If incorporating companies like CorpCo.com didn’t exist in Delaware, then we would see office buildings of thousands upon thousands of companies in the state.  

Here are a few major reasons to incorporate in Delaware:

-There is no corporate income tax for companies that don’t conduct business in the state.

-There is no sales tax and shares of stock are not subject to any Delaware tax.

-It’s the only state which maintains a special court system dedicated to addressing the concerns of the corporate/business community. The Delaware Court of Chancery is a “pro-business” court system that employs a Judge rather than a jury.

-There is no minimum capital requirement, while other states require a minimum of $1,000.

June 16, 2009

Did you know that Delaware is the first state?  It’s the 39th for me.  I had the chance to meet the Governor of the first state today.  I went down to Dover to learn more about incorporating in Delaware and how the court system works and ended meeting the Governor.