Before you can even consider forming a U.S. Corporation in Delaware, let’s take a brief sneak peek on its history and a few fun facts about Delaware. Delaware as compared to any other state in the US is a relatively small state in terms of its dimension but its small size never stopped it from making an imprint in America’s history.
Delaware is strategically ensconced between two big states, Washington and New York making its location a highly favourable one knowing it has a very close proximity to the states that possess one third of the total population in the US. This state has caught the attention of many business entrepreneurs because of this state’s General Corporate Law making it a highly inviting state in the formation of corporations.
Here are a few important points that any interested business-oriented person has to keep in mind if he intends in forming a U.S. Corporation in Delaware.
Delaware follows an easy procedure in the formation of a company for this can be ordered over the internet and the process in ordering will only take you a few minutes. The state of Delaware is open for other non US residents so that it has never been a state exclusive for their locals. It is open for people all over the world. The cost for the formation of a company in this state is relatively low compared to other states. Rest assured that if you form a corporation in Delaware you will be getting utmost security for it is founded on a steadfast legal framework. Its Chancery Court is a system that depends on judges rather that the juries making it a highly reliable system. Delaware corporations are obligated to submit an annual report as ordered by the State.
The aforementioned are among the many other advantages in choosing Delaware as the state to form a US corporation.
Delaware is located on the Atlantic Coast in the Mid-Atlantic Region of the United States. It is bordered by the following states: south and west by Maryland, to the east by New Jersey, and to the north by Pennsylvania. Delaware attracts a lot of companies to incorporate here because of its business-friendly corporation law. According to the official website of the state of Delaware, more than 900,000 business entities have their legal home in Delaware including more than 50% of all U.S. publicly-traded companies and 63% of the Fortune 500. These businesses chose Delaware because of its modern and flexible corporate laws.