Howdy mattg222-ga,
The Access Incorporation Services, Inc. has a corporation "FAQ" (Frequently
Asked Questions) page that sums it up quite succinctly.
http://www.accessincorp.com/corpfaq.htm
"Delaware is a very 'corporation friendly' state."
The above page has many points on why this is the case, including:
- There is no minimum capital requirement ? Because no minimum capital is
required, a Delaware corporation can be organized very inexpensively.
- Delaware has no sales tax, no personal property tax, and no intangible
property tax. Additionally, Delaware state income tax is not levied on
corporations not doing business in Delaware.
...
- ... Delaware has corporation friendly anti-takeover statutes which limit
the ability of other corporations to institute hostile takeovers.
...
- The annual Franchise Tax on corporations in Delaware is among the lowest
of all the states."
The State of Delaware website has the details on their advantages.
http://www.state.de.us/dedo/information/databook/taxes.shtml#taxes%20business
"The State of Delaware has adopted a clear, bipartisan policy to attract
new business and encourage the expansion of existing operations."
For the "nitty gritty" of the law, here is the link to the Delaware "Division
of Corporations" page on the topic.
http://www.state.de.us/corp/DElaw.shtml
"DELAWARE CORPORATION AND BUSINESS ENTITY LAWS"
If you need any clarification, please feel free to ask.
Search strategy:
Google search on: Delaware corporate tax advantage
://www.google.com/search?q=Delaware+corporate+tax+advantage
Looking Forward, denco-ga - Google Answers Researcher |
