A Delaware corporation is a business entity created under the General Corporation Law of the Delaware state code.
The state of Delaware is often viewed as a haven for corporations due to its advanced and flexible business formation statute.
In addition to Delaware's established and flexible business laws, Delaware has been rated as the state with the best legal climate for 10 years in a row by the U.S. Chamber Institute for Legal Reform.
Due to these benefits to incorporating in the state of Delaware, over 50% percent of publicly-traded companies in the U.S. and 65% percent of Fortune 500 companies are incorporated in Delaware.
Delaware has been the premier state for incorporating businesses since the early 20th century and, to date, nearly one million companies have formed corporations or LLCs in the state.
The state legislature and the people of Delaware recognize the importance of keeping the state's business laws and corporate statue current, ensuring it will continue to be an attractive home for corporations, LLCs and all other types of corporate entites in the future.
There are three main types of corporations: general, close and non-profit. The structure of a corporation is unique and allows for the business to exercise an array of options, depending on which type of corporation you choose.
In a general corporation, you can go public and/or raise capital as needed by selling stock; in a close corporation, you can run a small, tight business group; in a non-profit corporation, you can run a charitable organization.
It's important to note that while corporations can issue stock, they are not required to do so. Regardless of whether a corporation issues stock, the company is required to file an annual report with the state of Delaware by March 1, which provides basic internal details about the corporation, such as the physical address of the business location and the name and address of at least one officer and all Directors.
Now that you have a little more insight into the benefits of a Delaware corporation, continue reading to learn how Harvard Business Services, Inc. can help you form a Delaware corporation today.
Forming a Delaware corporation is easy with us. If you're ready to form your corporation now, please visit our easy-to-use order form. You can select which type of corporation you'd like to form, choose whether you'd like to obtain a Federal Tax ID Number and more.
We also have a knowledgeable staff available to help over the phone (800-345-2677),via email or by live chat.
If you are still undecided, here are just a few reasons why you should choose Harvard Business Services, Inc. for your company formation needs:
The HBS Blog offers insight on Delaware corporations and LLCs as well as information about entrepreneurship, startups and general business topics.
Since 1981, Harvard Business Services, Inc. has helped form 144,294 Delaware corporations and LLCs for people all over the world.
Harvard can provide assistance throughout the life of your company. These custom services are the most popular with our clients: