Delaware
appears to be the place to be if you are a
publicly traded company or desire to be a member
of the Fortune 500. The state of Delaware has
modern laws, a Court of Chancery, and a business
savvy government that makes Delaware
incorporation easier and more beneficial to the
organization. Still, it is important to follow
laws and procedures when completing your
Delaware incorporation process.
Delaware is
home to more than half of all the United States’
publicly traded companies and approximately
sixty percent of all the Fortune 500 companies.
It is, therefore, not an exaggeration that
Delaware seems to be the home to business.
Though each company chooses a Delaware
incorporation for different reasons, the state
prides itself on its “complete package of
incorporation services.”
If you
choose Delaware incorporation you will be
subject to law that is advanced and flexible
enough to increase your chances to build a
successful business. One unique aspect to
Delaware incorporation is that you have access
to the 210 year old Delaware Court of Chancery,
which is the entity that wrote a significant
portion of the U.S. Corporation case law. Plus,
you do not have to live in Delaware in order to
complete a Delaware incorporation. As long as
you have a registered agent in Delaware, you can
complete at Delaware incorporation.
One of the
first things you need to in your Delaware
incorporation process is to reserve an entity
name. The state of Delaware makes the Delaware
incorporation process easy by allowing you to
complete portions of it online, like making name
reservations. To reserve a corporate name, you
will need to pay $10 per name. However, if you
are to purchase a Limited Liability Company,
Limited Partnership, Statutory Trust, General
Partnership, or Limited Liability Partnership
for $75 each.
The next
step you will need to take in the Delaware
incorporation process is to determine what type
of business you will be running. If you will be
completing a Delaware incorporation for a
general partnership corporation, limited
partnership, or limited liability corporation,
you will then need to fill out the appropriate
forms with the Delaware Secretary of State for
Delaware incorporation. Again, Delaware seems
to understand the need of business owners that
items be convenient and easy to understand, so
finding the forms for your Delaware
incorporation is made easy through the
internet. All the forms you need for Delaware
incorporation are on the Secretary of State
website.
If you are
in a hurry to complete your Delaware
incorporation, you can contact the Division of
Corporations to use their expedited services.
In Delaware, there are a number of services
available for 1-hour, 2-hour, Same Day, and
24-hour completion. However, to expedite your
Delaware incorporation, it will cost you between
$50 to $100 extra.
Delaware
has made strides to be a business friendly
state, and Delaware incorporation can reap
benefits for your business not available in
other states. As long as you have a registered
agent in Delaware, you can complete your
Delaware incorporation to gain those benefits.
Plus, you will know that by completing your
Delaware incorporation, you join the ranks of a
significant number of Fortune 500 companies that
call Delaware home.
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