Delaware Company Overview 

Delaware has a long history as the preferred jurisdiction for incorporation in the United States. Because of this it has over the years achieved a degree of acceptance and legitimacy not approached by Nevada in spite of its more business-friendly laws. This is a consideration when a company or individual from abroad wishes to incorporate in the United States for the first time.

Benefits of incorporating in Delaware

Low cost incorporation fees.

No state corporation income tax for Delaware corporations not operating in Delaware.

No name or address disclosure requirement for the initial board of directors.

One person may hold all corporate offices.

The corporation must have a registered agent in Delaware, but not a business office.

Claims relating to the corporation will be heard by the Delaware Court of Chancery;

There is no Delaware income tax for Delaware corporations or limited liability companies that do not do business in Delaware.

Key Corporate Features

General
Type of entity	Corporation
Type of law	Statutory
Shelf company availability	No
Minimum government fees (excluding taxation):	US$89
State Corporate taxation (if not doing business in Delaware)	None
Double taxation treaty access	Yes (U.S.)
Share capital or equivalent
Standard currency	US$
Permitted currencies	US$
Usual authorised:	US$50,000
Directors or Managers
Minimum number	One
Local required:	No
Publicly accessible records	On Formation only
Location of meetings	Anywhere
Members
Minimum number	One
Publicly accessible records	No
Location of meetings:	Anywhere
Company Secretary Required	No
Local or qualified	No
Accounts
Requirement to prepare	Yes
Audit requirements	No
Requirement to file accounts	No
Publicly accessible accounts	No
Other
Requirement to file annual return	Yes
Change in domicile permitted	Yes

General Information

While Nevada is clearly the most liberal of the state governments of the United States, any company formed in Nevada is subject to the regulations of the U.S. Tax Code. Although Nevada has no reporting agreement with the U.S. Internal Revenue Service, the company does have an obligation to meet all U.S. Tax Code requirements. Incorporation in Nevada is useful for a reduction in tax exposure but not for its elimination. On the other hand, there are many non-tax related benefits to incorporating in Nevada that has made it one of he most popular jurisdictions in the United States.

• Infrastructure And Economy

Since the 1990s Delaware has become increasingly dependent on the finance and insurance sectors for employment and income, although manufacturing and agriculture are still important. The manufacturing, credit card, banking, and insurance industries are heavily concentrated in the north, while farming is carried on mainly below the Chesapeake and Delaware Canal . Chief agricultural products are broiler chickens, soybeans, corn, and dairy products. Potatoes and other vegetables are also grown. Delaware's small fishing industry harvests mainly clams, menhaden and oysters..

Industries around Wilmington, especially the chemicals and materials company that was founded by the Du Pont family in the 19th cent. and that continues to be one of the largest in the world, also contribute to the state's wealth. In addition to chemicals and chemical products, the biomedical, apparel, processed foods, rubber and plastic products, and transportation equipment industries are important. Dover Air Force Base is the largest military facility in the state.

• Language

English.

• Currency

United States Dollar.

• Exchange Control

None.

• Type of Law

Statutory law based on British Common Law with extensions by the U.S. Congress and the Delaware State Legislature.

• Principal Corporate Legislation

Delaware General Corporation Law as amended..

Company Information 

• Type of Company for International Trade and Investment

The Delaware Corporation or Limited Liability Company (LLC).

• Restrictions on Trading

None.

• Powers of Company

A Nevada Corporation or LLC has the full capacity of, and all rights, powers, and privileges of, a natural person.

• Language of Legislation and Corporate Documents

English.

• Shelf Companies Available

No.

• Language of Name

English.

• Registered Office Required

Yes.

• Name Restrictions

The name must not be the same, or deceptively similar to, the name of any corporation, limited partnership, limited liability company, foreign corporation, foreign limited partnership, foreign limited liability company, or a name reserved for use of any other proposed corporation, unless written consent of the person or other entity for whom the name is reserved is filed with the articles. A name appearing to be that of a natural person and containing a given name or initials must not be used as a corporate name, except with an additional word such as "Incorporated," "Limited," "Inc.," "Ltd.," "Company," "Co.," "Corporation," "Corp.," or other word identifying it as not being the name of a natural person. If the name implies banking, trust, or insurance powers, prior approval of the banking superintendent or insurance commissioner is needed..

• Suffixes to Denote Limited Liability

The name must end in Inc, Corp, Corporation, Ltd., Limited, Co. or Company.

• Disclosure of Beneficial Ownership to Authorities

No.

• Classes of shares authorized

Par value shares and no par value shares,