| This court makes use of judges who have specialized | | | | capital which is required in order to form the company. |
| in the corporation laws hence they offer consistent | | | | The business start up procedure is kept simple so as |
| ruling. The litigation costs are also eliminated since the | | | | to enable many people do business in this state. The |
| cases are settled outside the courts. Corporations | | | | minimum capital required to have the company |
| which are made by single members are also allowed | | | | registered is also relatively low. |
| in Delaware and the annual fees which are charged | | | | A company formed in Delaware is not required to |
| on the incorporated companies are relatively low. The | | | | submit the audited financial statements. It is also neither |
| state Government of Delaware is accessible and is | | | | required to submit the tax returns of the business. The |
| quite friendly to the business people. The corporation | | | | annual reports which are required to be filled by the |
| law which is employed in Delaware is relatively flexible | | | | incorporated companies after each annual general |
| and advanced thus enabling anyone who wants to | | | | meeting are not needed in the Delaware companies. |
| form a company here to do it easily. | | | | Incorporating in Delaware offers many options to the |
| The Delaware company owners are able to book the | | | | business owner. Many businesses can be done over |
| international profits. This is done legally as the owners | | | | one roof. The shareholders are also given the liberty to |
| do not get to pay the local corporation taxes as long | | | | act in writing thus they do not necessarily have to hold |
| as the revenue which they get is not sourced in the | | | | annual general meetings. The board of the company |
| United States and the directors as well as the | | | | can be made up by the shareholders of company. In |
| shareholders are not US residents. During the | | | | some instances it is also possible to have non |
| Delaware Company formation, only one director and | | | | shareholders to sit on the board of the company. |
| one shareholder is required. These can be one person | | | | Income tax is also not charged to people who do not |
| or corporate entity and they can be non residents of | | | | do any business in Delaware. This is applicable to the |
| Delaware. They can also be from a different | | | | offshore companies which have been incorporated in |
| nationality. The privacy of the company’s details | | | | Delaware. A Delaware limited company is able to |
| is ensured as the personal details as well as | | | | separate the personal assets as well as the company |
| information of thee shareholders and the directors of | | | | assets of the owner. This means that the company is |
| the company are not open to public viewing. | | | | a different entity even if it is owned by an individual |
| The state fees required to form a company in | | | | person. Thus it is possible to conduct the business as a |
| Delaware are relatively low. There is no minimum | | | | corporation yet it is a one man business. |