Delaware corporations are corporations that have their charter in the state of Delaware. Delaware has long been known to be a corporate-friendly state, and its long tradition of successfully applying corporate law allows it to score over rival states even though other states too are sometimes as corporate-friendly as Delaware, if not more. It is also widely acknowledged that the Delaware General Corporation Law is the nation’s most flexible and developed corporation act. Together with this, the fact that these acts and corporate laws are periodically revised and updated makes it easier for companies to do business in Delaware. The business-like attitude and customer-friendliness that characterize the government offices that handle corporations in Delaware are additional factors that influence corporations when they decide on Delaware as the location of their businesses.
A noticeable fact about Delaware’s business and financial landscape is the large number of credit-card companies that are incorporated here. This practice stems from the fact that Delaware is one of the few states that has very lenient interest rate laws. This effectively gives banks the freedom to charge any level of interest rates.
Incorporation of a business in Delaware is done through the Division of Corporations. This might take from a minimum of 2 hours to a maximum of 24 hours. Delaware law has a requirement that any corporation registered in Delaware should have a registered agent in Delaware. Delaware corporations have assumed preeminence simply due to the fact that traditionally most US industries were located here. DuPont, the chemical company, is an example. Sixty percent of Fortune 500 companies and more than half of publicly traded companies in the US operate out of Delaware.
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Comparing Nevada And Delaware Corporations
10 August 2010 8:30 PM |
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Delaware and Nevada are two states that are tax havens and are very business-friendly. Naturally, businesses weigh the option of incorporating either in Nevada or in Delaware. Delaware has long been the base for many American industries. The chemical company DuPont is an example of...
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Delaware Division Of Corporations
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The Delaware Division of Corporations is the state government arm that takes care of matters pertaining to the incorporation of businesses in the state of Delaware. The Division of Corporations also assists in filing corporate, Delaware uniform commercial code, and tax documents. The Division has...
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Delaware Corporations Code
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The Delaware Corporations Code is the set of laws that pertain to corporations and business entities registered in the state of Delaware. The important sections of the code are the ones on corporations, commerce and trade, counties, courts and judicial processes, decedents’ estates and fiduciary...
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California Corporations
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To conduct business activities in California, you need to be familiar with the business corporation laws of the state. This is because the business corporation laws of California are different from those of the other states of the USA. For example, if your corporation is...
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Pros And Cons Of Nevada Corporations
10 August 2010 8:30 PM |
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Businesses can be incorporated in any state in the U.S. Nevada and Delaware are the most commonly preferred states for incorporation. Incorporating in Nevada has unbeatable benefits. Many business owners and entrepreneurs prefer to utilize the services of professional Nevada corporation planners, who are specialized...
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S Corporations versus C Corporations
10 August 2010 8:30 PM |
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S corporations and C corporations each have advantages and disadvantages. Their suitability depends on your individual needs. Choosing the right one for you depends on what type of business you own, and how much profit the business produces. If your corporation turns out more money...
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California Department Of Corporations
10 August 2010 8:30 PM |
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You need to get your company registered in California in order to conduct business in the state. For this, the California Department of Corporations receives your application or documents and examines them especially in respect to the formation of the Articles of Incorporation. Besides other...
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S Corporations
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An S corporation is a regular corporation with an ‘S corporation’ tax status. This means that this corporation enjoys the benefits of a limited-liability corporation, but can pay income taxes on the same basis as a sole proprietor or a partnership. The other type of...
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Nevada Corporation FAQs
10 August 2010 8:30 PM |
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Many business owners opt to incorporate their business to protect themselves and the business from unanticipated losses and liabilities. Both small as well as large businesses can be incorporated. It is possible to incorporate businesses in any state in the United States, regardless of where...
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Forming Nevada Corporations
10 August 2010 8:30 PM |
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In order to form a Nevada corporation, a real presence of the corporation must be established in the state. If the business that incorporates is not dealt with like a Nevada corporation, the benefits can never be reaped. A Nevada corporation is considered an entity...