| Delaware has been a preferred destination for | | | | address of registered agent, and principal executive |
| incorporating, as there is no corporate tax in Delaware | | | | office address. The registered agent must either be an |
| and the state has a friendly corporate law structure. | | | | individual resident of the state or a corporation, limited |
| Incorporation procedure is made very easy but you | | | | partnership, limited liability company or domestic |
| may hire a lawyer to make sure that you do it as per | | | | statutory trust with authority to conduct business in |
| the norms. | | | | Delaware, whose business office is the same as the |
| Steps for Forming a Corporation in Delaware: | | | | registered office. |
| - It is necessary to decide on the kind of entity such as | | | | - Bylaws have to be formed. They need not be filed |
| C, S, Professional, or Closed corporation and take the | | | | along with the articles but have to be maintained in the |
| right course of action. | | | | principal executive office. Bylaws may list the officers |
| - Registering a name unique and one that is not a copy | | | | or the board of directors may appoint the officers. |
| is the next step. The name may be reserved for a | | | | One person may hold all offices of the corporation. |
| nominal fee and trademark protection can be got to | | | | - The minimum number of directors permitted is one, |
| ensure additional protection. The name has to comply | | | | and it is not essential that they reside in Delaware. The |
| with the applicable laws as well as end in the following | | | | directors have the right to adopt, amend, or repeal any |
| words or their abbreviations "Incorporated," | | | | of the bylaws. The officers are assigned duties such |
| "Corporation," "Limited," "Company," "Association," | | | | as preparing and maintaining records of the minutes as |
| "Club," "Foundation," "Fund," "Institute," "Society," "Union," | | | | well as for authenticating records of the corporation. |
| or "Syndicate." | | | | - Corporations in Delaware have to file an annual |
| - A certificate of incorporation has to be filed with the | | | | franchise tax report containing information such as the |
| Delaware Secretary of State. Expedited orders are | | | | name and address of the corporation, the directors |
| processed within 5 to 6 days, whereas standard filing | | | | and al least that of two directors. |
| takes up to 40 business days to process on paying a | | | | The taxes are calculated based on two kinds of |
| fee of $119. It is necessary to include other information | | | | methods: the authorized shares method and the |
| along with the articles, such as name and addresses | | | | assumed par value method. |
| of the incorporators {minimum number being one} and | | | | These are a few tips for incorporating in Delaware. |
| initial directors, statement of purpose, par value of | | | | There are firms that offer services as well as |
| stocks as well as he number of classes of shares and | | | | products to help run a business more successfully. |
| the number of shares in each class, name and | | | | |