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Hot off the press, chock full of data and complete with what’s new in Delaware Corporate Law, the Delaware Division of Corporations’ 2018 Annual report explains why Delaware remains the “Corporation Capital of the World.” Always ahead of the trends, with laws that define the industry’s cutting edge, Delaware is the state where accountants, attorneys and business professionals from all around the world incorporate. Now you don’t have to read the entire newly released report to be in the know.
We’ve compiled key highlights from the report so you can save time and stay informed.
Data from the 2018 Annual Report Tells a Powerful Story
Changes to Delaware Corporate Law in 2018 Keep Delaware at the Cutting Edge
The Division of Corporations is the most important source of income for the tiny State of Delaware. The total revenue from franchise taxes, formation fees, certified copies of filings, Certificates of Good Standings and Uniform Commercial Code filings accounted for a staggering $1.3 Billion in the 2018-2019 fiscal year ending June 30th. To view the complete Annual Report from Delaware click here.
*Disclaimer*: Harvard Business Services, Inc. is neither a law firm nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. This article provides general commentary on, and analysis of, the subject addressed. We strongly advise that you consult an attorney or tax professional to receive legal or tax guidance tailored to your specific circumstances. Any action taken or not taken based on this article is at your own risk. If an article cites or provides a link to third-party sources or websites, Harvard Business Services, Inc. is not responsible for and makes no representations regarding such source’s content or accuracy. Opinions expressed in this article do not necessarily reflect those of Harvard Business Services, Inc.