Google, Apple, Coco-Cola, Bank of America, Ford, General Electric, JP Morgan Chase, Wal-Mart, American Airlines and at least 285,000 others will tell you that this is their legal address.
In fact, more than 50% of all U.S. publicly traded companies and 63% of the Fortune 500 is incorporated in Delaware. Last year 133,297 businesses set up here.
A Company per Person
With a population of 907,135, the estimated 897,934 number of businesses in Delaware means that in that state there is almost one corporate entity per person.
The Blue Hen state is a domestic tax haven and for near three hundred years its mainstay has been the business of attracting companies from neighbouring areas like New York and New Jersey with its business-friendly corporate legislation; most notably its franchise taxes.
Delaware is an attractive ‘onshore’ tax haven for a number of reasons; here are the top three:
1. Ease of Incorporation
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