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One person can hold all
the offices of President, Treasurer and Secretary and be the sole
director. Most states require a minimum of three people to hold
offices in a corporation.
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There is no minimum amount
of money required in a company bank account.
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The States corporation and
trust laws are known for their unparalleled flexibility regarding
freedom of contract.
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The annual franchise tax
is very favorable and can be as little as $100 per year including all
filing fees.
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You can incorporate and
operate the corporation anonymously.
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There is no inheritance
tax on stock held by non-residents of Delaware.
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There is no estate tax on
shares of stock held by non-residents.
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There is no State income
tax for Delaware corporations who do not operate within the State.
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There is an established
body of laws which protect the Corporations in Delaware. Shares
of stock owned by individuals outside the State are not subject to any
Delaware taxes.
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The director has the power
to make or alter by-laws.
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Directors may fix any
price on shares of stock they wish to sell.
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Recent legislation limits
abusive takeover tactics.
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Corporations can become
Sub-chapter "S" if all qualifications are met.
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Shares of stock owned by
individuals outside the State are not subject to any Delaware taxes.