Incorporating in Delaware

Incorporating in Delaware

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Business, Social Studies

University

Hard

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Delaware is a popular state for business incorporation due to its efficient process, flexible maintenance requirements, and a well-developed legal system. The state's Chancery Court offers expert judicial handling of business disputes, and the absence of state income tax on out-of-state revenues is a significant advantage. However, businesses incorporated in Delaware can be sued there, and they must meet annual filing requirements both in Delaware and in their primary business state.

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3 mins • 1 pt

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