Delaware Corporations

Why do so many companies incorporate in Delaware?

As stated by the Delaware Office of the Secretary of State, Delaware General Corporation Law is one of the most advanced and flexible corporation statutes in the nation. In addition, Delaware courts have over 200 years of legal precedent as a maker of corporation law. Further, the state legislature seriously takes its role in keeping the corporation statute and other business laws current. Finally, the office of the Secretary of State operates much like a business rather than a government bureaucracy with its modern imaging system and customer-service oriented staff.

Do I have to live in Delaware?

Delaware law requires every corporation to have and maintain a registered agent in the State of Delaware. "My Corporation" can provide you with Registered Agent Services should you desire to incorporate in Delaware.

How quickly can I incorporate in Delaware?

The Division of Corporations in Delaware offers a variety of incorporation services including "2-Hour", "Same Day" and "24-hour" processing and filing of documents.

Franchise tax

All corporations incorporated in the State of Delaware are required to file an Annual Franchise Tax Report and to pay a franchise tax. Taxes and annual reports are to be received no later than March 1 each year. The minimum tax is $30 with a maximum of $150,000.

Franchise Tax Calculation

Authorized Shares Method:
• Less than 3,000 shares (minimum tax) $30.00
• 3,001 - 5,000 shares $50.00
• 5,001 - 10,000 shares $90.00
• each additional 10,000 shares or portion thereof $50.00