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One person can
hold all the offices of President, Treasurer and Secretary and
be the sole director. Most states require a minimum of three
people to hold offices in a corporation.
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There is no
minimum amount of money required in a company bank account.
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The States
corporation and trust laws are known for their unparalleled
flexibility regarding freedom of contract.
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The annual
franchise tax is very favorable and can be as little as $100
per year including all filing fees.
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You can
incorporate and operate the corporation anonymously.
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There is no
inheritance tax on stock held by non-residents of Delaware.
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There is no estate
tax on shares of stock held by non-residents.
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There is no State
income tax for Delaware corporations who do not operate within
the State.
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There is an
established body of laws which protect the Corporations in
Delaware. Shares of stock owned by individuals outside
the State are not subject to any Delaware taxes.
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The director has
the power to make or alter by-laws.
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Directors may fix
any price on shares of stock they wish to sell.
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Recent legislation
limits abusive takeover tactics.
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Corporations can
become Sub-chapter "S" if all qualifications are
met.
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Shares of stock
owned by individuals outside the State are not subject to any
Delaware taxes.
