Is it worth incorporating a company in Delaware for a US citizen?

Delaware has a reputation of being a great place to incorporate, especially for large businesses.

Here’s why:

  • Flexible business law
  • The Chancery judges decide business litigation (no jury trials)
  • Tax haven (no personal taxation for non-residents and overall taxation processes are favorable to corporations)
  • Members do not have to be state residents

It’s best to evaluate how the advantages above correlate with your location. For some, operating out of the state you conduct business will be more important than having some of the perks that Delaware offers.

If you would like to discuss this more, you should consult a startup attorney. LawTrades is committed to connecting startups with quality legal services at a reasonable price. Get in touch today to setup a consultation. You may also be interested in our newest feature—LawTrades Micro. For a flat rate (usually $25) you can ask a legal question and an attorney will provide a customized response in 48 hours.