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Sunday, April 15, 2012 6:34:22 PM
Why incorporate in Delaware? The initial charge for incorporating in Delaware can be as low as $89.00. The annual franchise tax can be as low as $75.00 in many cases. The cost of continuing operations is low as well. There is no Delaware corporate income tax for corporations that are formed in Delaware so long as they do not transact business in Delaware. There may be significant federal tax advantages to incorporating as well. Shares of stock in Delaware corporations are not subject to Delaware taxes if the owner lives outside the state. One person may act as President, Treasurer, Secretary and sole director. With Delaware Intercorp’s no fee incorporation, the cost of doing business as a Delaware Corporation is affordable.
These are some very good reasons to incorporate in Delaware:
Different kinds of business can be transacted under one corporate roof.
Shareholders can act in writing instead of holding meetings.
You can add people to the board who are not shareholders.
Corporate records need not be kept in Delaware.
One person can act as the only officer, director and shareholder of a corporation.
No Delaware income tax is charged to companies that do not do business in Delaware.
Delaware has no sales or personal property tax.
Low franchise tax, $75.00 in many cases. $250.00 for L.L.C.’s
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