The State Of Incorporation For
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How to fill out Changing State Of Incorporation?
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FAQ
Why Delaware is the Best State to Incorporate As a result of Delaware's business-friendly laws and protections, venture capitalists and others often require that any business they invest in be incorporated within the state. Delaware is known for its corporate-friendly business laws and its Court of Chancery.
Personal liability protection: This is the most important reason for incorporating. Shareholders are not legally liable for the corporation's actions, debts, and obligations. That's because the corporation is a completely separate entity from its owners.
You can incorporate in the state where you are doing business, or you can incorporate in another state. Incorporating in the same state as your business is cheaper. Sometimes incorporating in another state has more benefits, but will always cost more.
The company Apple, for example, was incorporated under the full name Apple Inc, while Microsoft is formally incorporated as Microsoft Corporation.
A whopping 67.8% of Fortune 500 companies and 1.5 million businesses are incorporated in Delaware. While Wayne's World may not see the perks of the state, there's a reason so many businesses incorporate there ? several reasons, in fact.