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Affirmative Inaction
One of Abraham Lincoln's claims to fame is the fact that he is best known for abolishing slavery. While he may have felt some personal satisfaction from liberating the Negroes from their bondage, Economy was the main reason why he made his...
Foolproof Customer Service Strategies (that only a fool would try!)
Ever notice how customer service varies from store to store? You walk into some stores, and before you can say "Buzz off!" a salesperson asks "May I help you?"
"No thanks."
"May I help you?" asks another.
"No thanks."
"May I help...
How to Save 2 Hours Every Day using Pareto's 80-20 Law
Word count: 402 Character width: 60 =========================================================== "How to Save 2 Hours Every Day using Pareto's 80-20 Law" - by Neil Stelling B.Sc, MBA Marketing Manager,DigiLectual...
Losing business monentum?
CONTENTS:
1. Are you losing momentum while others plan ahead?
2. Is your brainstorming getting the action you want?
3. Are you starting your new employees the right way?
4. Are you maintaining your documentation correctly?
5. Call...
The ONE Law You Should Be Breaking
There is a law all smart people break. Parkinson's law. Parkinson's law states that "work expands so as to fill the time available for its completion." It was first coined by C. Northcote Parkinson in the book Parkinson's Law: The Pursuit of...
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Why Choose Delaware as Your Corporate Home?
All factors considered, Delaware is a premiere legal home to companies all around the world.
What state Incorporates more than a half-million business entities, including more than half of the Fortune 500 companies? New York? California? Illinois? No. No. No. That state is Delaware. With a population smaller than 88% of all states, this business-friendly state attracts more corporations than any of the major cities. Businesses choose Delaware simply because of their flexible corporate laws, highly respected Court of Chancery, a business-friendly State Government, and a customer service oriented Staff of the Delaware Division of Corporations.
Among the many business-friendly laws, Delaware does not require corporations to operate in the state, only to maintain a registered agent, who may be an individual resident, or an existing domestic corporation. Additionally, incorporations typically take 24 hours to process, however there are services that allow same day, and 2 hour filing. There is no corporate income tax for corporations incorporated in Delaware, but not transacting business in the state. Further, the cost to incorporate is one of the lowest in the country, and one person can hold all officer positions of the corporation. Officer names are not required to be listed in the articles of incorporation. Shares of stock owned by persons outside of Delaware are not subject to Delaware taxes.
Delaware maintains a separate corporate court system, called the Delaware Court of Chancery, that does not use juries, but only uses judges appointed for their expertise in corporate law. The Delaware Court of Chancery is a 210-year-old business court that has written most of the modern U.S. corporation case law. It is widely recognized
as the nation's most distinguished agency for dispute resolution involving corporate litigation. The state legislature takes seriously its role in keeping the corporation statute, and other business laws current. Their unique expertise in, and exposure to issues of business law are supreme. Currently the Court of Chancery has made docket information, and pleadings available over the Internet for civil actions filed in the Court.
Delaware's State Government is business-friendly and accessible. The Division of Corporation is in the forefront of efficiency, and their professional staff provides prompt, friendly services to clients, attorneys, registered agents and others. The office of the Secretary of State operates more like a business rather than a government bureaucracy with its leading edge technology, and customer-service oriented staff.
Delaware may make sense for large corporations, however it may not be worth the effort for small, privately held corporation who do business in their home state. Although Delaware does not tax out of state businesses, taxes must be paid in the state the business is operating. While incorporating fees are lowest in Delaware, appointing a corporate agent to receive official notices in Delaware may negate any realized costs savings. All factors considered , Delaware is a premiere legal home to companies all around the world.
ABOUT THE AUTHOR
Jay B Stockman is a contributing editor for Online Small Business Consulting Visit http://small-business-usa.com/ for more information.
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