Open until midnight, the agency handles one hour, two hour, same day and 24-hour turnarounds for important documents.” Delaware also has “The Division of Corporations,” an agency run by its secretary of state that “ allows qualified registered agents to view corporate documents, submit filings, print plain or certified documents, and certificates of good standing – all online. Now, Nevada is joining Delaware in this desirable category of being advantageous for business, especially in the purview of West coast entrepreneurs. Nevada is second to Delaware for the number of out-of-state corporations formed there. Nevada has even created “SilverFlume,” a business portal run by their secretary of state – closely mimicking the Delaware Division of Corporations as a one-stop shop expediting procedural needs. Nevada is also fairly protective of corporate executives: “As of 2012, the corporate veil was pierced only twice in Nevada.” The concept of piercing the corporate veil essentially is tied to pass-through liability: a corporation’s conduct is connected to its controlling officers and shareholders. Nevada also has an extremely appealing tax structure for businesses due to its lack of franchise tax, corporate income tax, and personal income tax.ĭelaware is still the most popular choice by far, with over 60% of Fortune 500 companies being incorporated there. Most Important Factors an Entrepreneur Should Consider When Choosing Where to Form Their Business: While that is appealing for many entrepreneurs with iconic companies being Delaware C-Corporation,as you know, beware of cookie cutter legal advice for your business.
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