Are these good reasons to incorporate in Delaware if you live in another state...

Ada · 01-14-2008, 12:37 AM

...but will be moving? I don't want to incorporate in the state I live in because I will be moving in less than 6 months.Here are some reasons I found to incorporate in DE.

* Different kinds of business can be transacted under one corporate roof.
* Shareholders can act in writing instead of holding meetings.
* You can add people to the board who are not shareholders.
* Corporate records need not be kept in Delaware.
* One person can act as the only officer, director and shareholder of a corporation.
* No Delaware income tax is charged to companies that do not do business in Delaware.
* Delaware has no sales or personal property tax.
* Low franchise tax, $60.00 in many cases. $200.00 for L.L.C.’s

hottotrot1_usa · 01-14-2008, 12:37 AM

Yes, many corporations feel the same way that you do.

Jade Leprechaun · 01-14-2008, 12:37 AM

yes the major credit card companies are inc there nevada is another favorable state

01-14-2008, 12:37 AM	#1 (permalink)
Ada Newbie Join Date: Jan 14th, 2008 Posts: 1	Are these good reasons to incorporate in Delaware if you live in another state... ...but will be moving? I don't want to incorporate in the state I live in because I will be moving in less than 6 months.Here are some reasons I found to incorporate in DE. * Different kinds of business can be transacted under one corporate roof. * Shareholders can act in writing instead of holding meetings. * You can add people to the board who are not shareholders. * Corporate records need not be kept in Delaware. * One person can act as the only officer, director and shareholder of a corporation. * No Delaware income tax is charged to companies that do not do business in Delaware. * Delaware has no sales or personal property tax. * Low franchise tax, $60.00 in many cases. $200.00 for L.L.C.’s

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01-14-2008, 12:37 AM	#2 (permalink)
hottotrot1_usa Newbie Join Date: Jan 14th, 2008 Posts: 1	Yes, many corporations feel the same way that you do.

01-14-2008, 12:37 AM	#3 (permalink)
Jade Leprechaun Newbie Join Date: Jan 14th, 2008 Posts: 1	yes the major credit card companies are inc there nevada is another favorable state