Incorporate Delaware
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Delaware imposes no state corporate income tax on certain types of entity (qualifying holding companies and investment companies) unlike many other US states. For other entities - incorporated but not doing business in Delaware-- the .
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There is no corporate income tax for corporations incorporated in Delaware, but not transacting business in the state. Further, the cost to incorporate is one of the lowest in the country, and one person can hold all officer positions .
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Now you would think that Norcross and Roberts would incorporate this business in New Jersey. But they didn’t. Instead, they chose to incorporate their business in Delaware becasue of Delaware’s status as a business friendly state.
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The project features two horizontal suburbanesque buildings of only five floors in height that fail to incorporate any other uses, such as retail or residential. The project doesn’t even include structured or underground parking but .
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If you understand why businesses incorporate in Delaware, the reasons for the popularity of Delaware corporation and how incorporation is facilitated by registered agents in Delaware, you will find a new interesting business opportunity .
