US – Delaware: LLC
Why is it beneficial for a company to incorporate in Delaware?
Delaware has become a very popular location for incorporation, this is due it being recognized as the state with the most business-friendly law and tax regulations for anyone looking to start or manage a business. Delaware’s tax treatment is especially attractive for business that have other states as their headquarters, as a matter of fact; 34 of the largest 50 businesses in the U.S. along with more than 50% of Fortune 500 ® companies incorporated in Delaware, legal home to more than 1 million business entities.
We have only begun to describe the advantages of incorporating in Delaware and will now list a few more. Not only does Delaware have the most flexible and advanced entity laws- but it is also recognized as having the lowest franchise tax, especially for smaller businesses. Any shareholders, managers and directors are not legally required to be in Delaware, non-residents of Delaware are also not expected to pay personal income tax, sales taxes tax does however not exist. Large corporations with thousands of shareholders can also benefit from incorporating in Delaware as the Court of Chancery uses judges instead of juries, this can save a business a lot of time in the long term.