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Delaware’s business law is one of the most flexible in the country. The Delaware Court of Chancery focuses solely on the business law and uses judges instead of juries. For corporations, there is no state corporate income tax for companies that are formed in Delaware but do not transact business there (but there is a franchise tax). Taxation req...
Wazzeer Professional Network
ProfessionalWhy do a lot of public companies incorporate themselves in Delaware?
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Wazzeer Professional Network
ProfessionalDelaware’s business law is one of the most flexible in the country. The Delaware Court of Chancery focuses solely on the business law and uses judges instead of juries. For corporations, there is no state corporate income tax for companies that are formed in Delaware but do not transact business there (but there is a franchise tax). Taxation requirements are often favorable to companies with complex capitalization structures and/or a large number of authorized shares of stock. There is no personal income tax for non-residents. Shareholders, directors and officers of a corporation or members or managers of an LLC don’t need to be Delaware residents. Stock shares owned by persons outside Delaware are not subject to Delaware taxes.
Wazzeer has established a well connected and reliable network of professionals in the US, we can help you in the incorporation process -> "Get your Wazzeer"
over 3 years ago
View answer
Why do a lot of public companies incorporate themselves in Delaware?
-
Wazzeer Professional Network
ProfessionalDelaware’s business law is one of the most flexible in the country. The Delaware Court of Chancery focuses solely on the business law and uses judges instead of juries. For corporations, there is no state corporate income tax for companies that are formed in Delaware but do not transact business there (but there is a franchise tax). Taxation requirements are often favorable to companies with complex capitalization structures and/or a large number of authorized shares of stock. There is no personal income tax for non-residents. Shareholders, directors and officers of a corporation or members or managers of an LLC don’t need to be Delaware residents. Stock shares owned by persons outside Delaware are not subject to Delaware taxes.
Wazzeer has established a well connected and reliable network of professionals in the US, we can help you in the incorporation process -> "Get your Wazzeer"
over 3 years ago
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