Over 50% of all companies on the NY Stock Exchange are Delaware corporations. Delaware has a long heritage as a business-friendly state and may be a good choice if you intend to take your company public and offer publicly traded stock. Advantages of Incorporating in Delaware:
- Nominal Annual Fees
- Modern and Flexible Corporate Laws
- Highly-respected business court, known in Delaware as the Chancery court which has written much of the modern business case law
Low Incorporation Fees
Can a Delaware Corporation or LLC Do Business in Other States?
This is the million-dollar question all entrepreneurs ask me before incorporating. Yes. Nearly half of the corporations listed on the New York Stock Exchange are Delaware corporations. These large companies conduct business throughout the U.S. and abroad. They must of course, conform to the laws of any jurisdiction they enter. Many states require that any foreign (out of state) corporation qualify to do business in their state prior to actually conducting business there. A foreign (DE or NV or out of state or country) corporation transacting intrastate business in the any other State must qualify to do so before operating. "Transacting intrastate business" is defined as entering into repeated and successive transactions of a corporation’s business in this state, other than interstate or foreign commerce. Delaware or Nevada may or may not be good for you in your situation. Please do the necessary research before venturing into any out of state incorporation. To get a foreign corporation status or to qualify please contact us.