Delaware is widely recognized as a top jurisdiction for incorporation and entity formation within the United States. Its Court of Chancery is perhaps Delaware’s greatest draw. This unique court is solely focused on resolving business disputes which are decided by expert judges rather than juries yielding much more efficient and impartial rulings. Being the first state, Delaware also has a long and rich history of case precedence making outcomes of litigation highly predictable. This business-friendly environment is attractive to investors which makes securing funding easier.
There are some tax advantages too in that Delaware has no state corporate income tax on out-of-state revenue or on corporations limited to the maintenance and management of intangible assets. Further, non-resident shareholders are not subject to state personal income tax on their distributed profits. Delaware also has no state sales or use tax.
Other advantages include the ease and efficiency of the formation and filing process, and a high degree of privacy as directors’ and officers’ names are not required to be listed in the formation documents or annual reports.
WHY CIRCUMFERENCE FS (USA)?
With an established full-service office, local expertise, knowledge of applicable laws, and long-standing ties to the legal, accounting, and tax community, we have extensive experience helping business entities maximize the benefits available in a leading business friendly jurisdiction.