Legal Advice is given by Gerald Unis, Senior Attorney of Unis & Associates as he brings extensive knowledge and litigation experience and answers questions on the Trust Factor Legal Show. In this episode, Gerald Unis discusses the reasons why it’s important to hire a competent Business Law attorney to help draft your company’s organizational documents.
Duration : 0:1:52
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Why you should Incorporate in Delaware or Form a Delaware LLC:
The internal operations of Delaware Corporations and LLCs are governed by Delaware law. The US Chamber of Commerce has rated Delaware’s litigation system #1 of all 50 states in the past five years in every category (Judges’ Competence, Judges’ Impartiality, Overall Treatment of Tort and Contract Litigation, etc.)
Additionally, recent amendments to the Delaware LLC Act now make it the state-of-the art jurisdiction for LLCs. Delaware’s Charging Order Remedy is exclusive and very narrow, to starve out a creditor. Creditors are no longer entitled to other legal and equitable rights to attach assets. Assignees are also bound by the Operating Agreement even if they did not sign it.
Why should I incorporate in Delaware or form Delaware LLC?
Delaware is an easy and reliable state in which to incorporate or form LLCs, plus the annual cost is low. A few examples of Delaware’s benefits include:
* Easy and Reliable
* Delaware law has been tested and provides predictability.
* Delaware regularly updates its laws to remain the leading state for incorporation.
* Delaware has a separate Court of Chancery that handles Corporation law cases quickly and competently.
* Delaware allows the owners and managers of an LLC to remain anonymous.
* Annual Costs: The Delaware Corporation minimum annual franchise tax is $35 and the filing fee is $25. The Delaware LLC annual fee is $200, regardless of capitalization.
What tax savings will I receive if I incorporate in Delaware?
Delaware has no sales tax or intangible personal property tax. No Delaware income tax has to be paid and a business license is not required if the Corporation does not do business in Delaware.
If I Incorporate in Delaware can I do business in other states?
Yes, Delaware Corporations and LLCs can qualify to do business in all 50 states and in foreign countries.
For personal service, please feel free to call our Incorporation Specialists on our toll-free line (800) 759-2248 if you have any questions.
Or, for more information, please find this at http://www.incnow.com
Duration : 0:1:43
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