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Why do companies choose Delaware law?

The most famous reason Delaware has attracted the eye of corporations across the world is the lenient taxes imposed by the state. Corporations registered in Delaware that do not do business in the state do not pay corporate income tax.

Is an annual meeting required?

State laws and a corporations bylaws will dictate specific meeting requirements for corporations. In general, however, most corporations are required to have at least one shareholders meeting per year. Corporations are also required to prepare and retain minutes of these meeting.

Does Delaware keep a record of corporate stockholders?

Privacy of Delaware Corporation Shareholders The number of authorized shares of each class of stock in a Delaware corporation is on file with the Delaware Division of Corporations; however, the names and addresses of the shareholders are not listed or recorded with the State government.

Do Delaware corporations need to have board meetings?

Is a minimum or set number of board meetings per year required by law, regulation or listing requirement? There is no minimum or set number of board meetings per year required by Delaware law. A corporations by-laws may provide for the number and frequency of meetings.

What does it mean when a company is incorporated in Delaware?

A Delaware corporation is a company that is legally registered in the state of Delaware but may conduct business in any state. Delaware first began to adapt its laws in the late 19th century, making changes that would attract businesses away from other states such as New York.

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