Delaware, USA

On the Eastern Seaboard of the United States, Delaware is bordered by the Atlantic Ocean and Delaware Bay, as well as by the states of New Jersey, Pennsylvania and Maryland. Delaware’s location affords easy access to the major metropolitan areas of the Northeast. Washington, D.C., Philadelphia, and Baltimore are all within a 2-hour drive.

Delaware acquired its status as a corporate jurisdiction in the early 20th century. The influence of the Delaware corporate regime is evidenced by the fact that more than half of the companies on the Fortune 500 list and companies listed on the New York Stock Exchange are domiciled in Delaware.

The Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute governing corporate law in the U.S. state of Delaware.

    Key features of the Delaware Corporation (Corporation) and Limited Liability Company (LLC): 

    • Owners of Delaware LLCs and Corporations receive limited liability protection
    • Delaware does not maintain a publicly available database of companies’ management
    • Due to the privacy protection offered by Delaware, company ownership need not be disclosed to the State of Delaware
    • Minimum requirements on the reporting and disclosure obligations imposed by the State of Delaware
    • No income tax on LLCs and there is a low franchise tax for small Corporations
    • No tax on capital stock or assets, or stock transfers
    • One individual can act as shareholder and director, and hold all offices
    • Delaware LLCs and Corporations can be headquartered anywhere in the world
    • No minimum capital investment requirement for LLCs and Corporations
    • Operationally, the management of the LLC functions similarly to a partnership and is governed by a written agreement among the members of the LLC