Delaware LLC – Why We Should Incorporate Business in Delaware
There is no doubt that you must have heard about the world’s leading Delaware Incorporator known as the Delaware Intercorp. The reason for its immense popularity world over is that it provides business friendly environment for incorporation which is rivaled by none other. There is no fee charged Delaware Intercorp if it is your registered agent and you wish to incorporate your business with them.
There are a lot of reasons one must incorporate businesses in Delaware as it provides numerous benefits. One of them is the Court of Chancery, a separate business court owned by the Delware Intercorp. The Court of Chancery has a great reputation as there are no others that can match its stature. The reason for this is that all judges appointed in this court are on merit and there are no juries to make decisions.
The court issues written orders and they are carried out to the letter. The laws are simple and can be followed very easily. The laws decided by the court of chancery are used in a lot of legal textbooks which are taught to the law students. The corporate lawyers who are considered highly intelligent and good at their jobs have also studied the laws designed by this court.
By creating a Delaware LLC one can benefit a lot as they offer from limited liability. Limited liability entails that if there are any losses, the company will treat the business assets separately from the personal assets. So in case there is a loss your personal assets remain safe and are not at all affected. The business assets will however take the burnt and the losses will be compensated from there.
The Delaware Corporation is very attractive to many investors as they offer you very low initial charges, annual franchise tax, and the cost of continuing operations. If you are a Delaware LLC, the company will not charge any Delaware corporate income tax especially if you are not transacting any business in the Delaware Corporation. The company also helps the Delaware LLC by offering federal tax advantages which no other company does.
The Delaware Corporation allows you to transact all kinds of businesses under one roof. The company does not hold any meetings and all interactions between shareholders are in the written form. If you want to include people other than the shareholders in the Delaware LLC, the Corporation does not put any restriction on it. Delaware Corporation does not keep your corporate records with it.
You can operate a Delaware LLC by acting as its director, president and a shareholder, which ever appeals the most to you. The amazing thing is that in order to incorporate your business with the Delware Corporation you do not have to be at the offices or even within the state. You can get it done online and a Delware representative can reach you wherever you are.
There is no reason to worry about privacy as the information you provide such as you name and address, it is kept safe and secure by Delaware Corporation. Moreover this information is required only by the Corporation in case of any legal proceedings or law enforcement actions.
Author Bio: For more information on incorporating business in Delaware, please visit; http://www.delawarellcformation.org/
Category: Finances
Keywords: delaware llc