Why do businesses incorporate in Delaware or Nevada?

Why do businesses incorporate in Delaware or Nevada?
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Most do not know that incorporating your business can have different implications depending on where you do it. You can strategically incorporate in different states to take advantage of various state rules. Delaware and Nevada seem to be everyone’s favorites, but why?

 

Delaware

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It is usually best for large businesses to incorporate here as they are more flexible with them. The state:

  • The business law here is the most flexible in the country, and the Court of Chancery (focusing on the business law) is governed by Judges, not juries. This flexibility can be beneficial in most cases.
  • Delaware does not have state corporate income tax or personal income tax for non-residents.
  • Does not require shareholders, directors and officers to be Delaware residents.
  • Shareholders outside Delaware do not owe the state any taxes.
  • The state DOES, however, have substantial franchise taxes.

These are just a few of the benefits of incorporating in Delaware.

 

Nevada

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Nevada started to compete with Delaware with their strategies.

  • Protects against hostile takeovers.
  • Has no corporate income tax, franchise tax or personal income tax.
  • Does not require shareholders, directors and officers to be Nevada residents.

 

Fees between the two differ and these are only a few of the differences between the two. Always consult your lawyers and/or accountants when incorporating your business.

 

SOURCES:http://www.bizfilings.com/learn/incorporate-delaware-nevada.aspx
https://www.rocketlawyer.com/article/incorporating-in-delaware-or-nevada-whats-the-best-option-for-my-business.rl

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Mobile Screens are now the passion of the American Majority [Infographic]

Mobile Screens are now the passion of the American Majority [Infographic]

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Fostering Business Solutions, Inc.

By Christopher Kogge

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In the 1950’s America’s mobile move was all about connecting the country through Interstate Highways. In the 20-teens, mobile has taken on a whole new meaning with the rise of smartphones. As of 2015, more time is spent looking at smartphone and tablet screens than computer and televisions ones.

This swing is nothing surprising as the trends have been drifting in mobile’s favor for the last five years, which in tech years is more like 20. In other words, it has been a long time coming. What will come to a surprise to some is the opportunity that is currently open for advertisers. As illustrated in the infographic below, the amount of advertising dollars spent on mobile ads is disproportionate to the audience size with a 25 Billion difference.

 

Move2Mobile

 

These findings should be setting off bells and whistles to the leaders of small businesses and startups alike. The lack of advertising spending pumped into the mobile space means lower rates, which means more exposure for less money. If you have not allocated a hefty amount of your ad budget to mobile already, I would suggest doing it now as this opportunity will surely be in existence for but a small moment in time.

The last tip I will leave you with is this, SmartTvs look to be emerging as next screen people will be using more and more in the next 5 to 10 years. If your company isn’t a unicorn and is currently on the shoestring budget, I would keep an eye on the popularity of SmartTvs and look to advertise when they have an upswing of popularity.

 

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You’ll get our newsletter containing additional information about how to better your Startup business in areas like Managment, Marketing, Finance, Funding, Time-Management, Leadership and more. We are here to help!

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