Why You Should Consider Registering a Company

The United States (“US”) has always been an attractive place to conduct business with many choosing to do so through Delaware company incorporation. As of December 2018, nearly 1.4 million legal entities were incorporated in the state of Delaware with 67.2% of all Fortune 500 companies having done so. Given the number of companies having chosen to incorporate in Delaware, it is clear that the state is a popular destination, but what makes it so? In this article, we look to explain why you should consider Delaware company incorporation.

1. Ease of Incorporation
Delaware is arguably the easiest state in the US to incorporate a company as the processes are designed and structured to allow companies to complete the process as simple and as efficiently as possible. Delaware offers a level of flexibility in this process that many countries do not provide, for example:

2. Delaware Business Law
One of Delaware’s most notable traits that have contributed to its reputation as a friendly business environment is the strength of their business law. Delaware business law is renowned for being incredibly favourable towards companies and has helped set a precedent for many other states to follow.

3. Privacy Protection
Data privacy protection relates to the handling of sensitive information and has increasingly become a topic of discussion among companies of all sizes and industries. As companies hold key pieces of information related to not only their staff, but also shareholders, companies must ensure that this information is protected to prevent it from being misused by third parties.

Delaware company register has the following advantages in privacy protection:

4. Tax Benefits
The US utilizes a multi-tiered tax system whereby taxes are imposed on a federal, state, and sometimes local government level. Delaware’s tax systems are unique in that it is more business friendly to companies, specifically:

5. Flexibility
Delaware incorporated companies can operate with a level of flexibility that companies incorporated elsewhere often cannot enjoy. Apart from the flexibility offered during the company incorporation process, business owners can enjoy the following benefits when running their company:

Conclusion
Looking at the advantages that Delaware offers companies, it is clear why so many have chosen to utilize this state for their company incorporation purposes. As FastLane is committed to helping SMEs, we have extensive experience helping our clients incorporate their companies in jurisdictions around the world. Please contact the FastLane Group for assistance!