101 on Delaware
Written by Rick Bell on February 24th, 2009
Filed Under: 101, Delaware
Tags: Court of Chancery, Delaware, Law, Tax
Filed Under: 101, Delaware
Tags: Court of Chancery, Delaware, Law, Tax
More businesses choose Delaware because of its favorable and business-friendly environment, which offers numerous benefits in convenience, tax liability and legal protection. Here are just a few:
- In Delaware, one person can hold the title of each of the officers of the business.
- Delaware has no requirement for a minimum balance in the company’s bank account. This is in contrast to a number of states that require a $1,000.00 minimum bank balance.
- Business owners can choose to file business formation papers anonymously in Delaware to maintain privacy.
- Delaware imposes no state income tax on a business that does not operate within the state.
- By forming a company in Delaware the “Domicile” of your company becomes Delaware and the “rules of the game” become the Delaware corporate laws as applied by the Delaware Court of Chancery. Delaware is famous for its fair and flexible corporate laws and its case law, as dispensed by the most respected business court in the country, the Delaware Court of Chancery.
- Directors are free to set any price on shares of stock they wish to sell.
- Forming a business in Delaware is straightforward and uncomplicated, and doing so online, by phone or by mail through Harvard Business Services, Inc. is easy, fast and affordable.
- Anyone can form a business in Delaware through Harvard Business Services, Inc. without ever setting foot in the state. Delaware’s Division of Corporations is the best in the world at processing business formation filings quickly and encourages entrepreneurs from across the country and around the world to form their businesses here.




