The New York Times Sunday Paper, last week, published an article about Incorporating in Delaware that was misleading. http://www.nytimes.com/2012/07/01/business/how-delaware-thrives-as-a-corporate-tax...
This infographics corrects those myths because it highlights the real reason people incorporate in Delaware, because of liability protection. Delaware is the ultimate bullet-proof jacket. The US Chamber of Commerce has rated Delaware number one in every category since it started ranking judicial systems.
Delaware is the corporate capital of Main Street and Wall Street. Delaware has an environment which allows businesses small and large to prosper because it allows business managers to take risks without fear of personal liability. Other states have “thinner bullet proof jackets”. This Delaware protection is called the “business judgment rule” and provides the manager protection in most instances, provided there is good faith and no self-dealing. This protection is upheld by a business court called the “Court of Chancery” which is comprised of judges who, when nominated by the Governor, are required to be sophisticated corporate lawyers.
If you form a company in Delaware the laws that govern the “internal affairs” of the company will be Delaware laws, no matter where your company does business. This is affirmed in the United States Chambers of Commerce study on legal systems, which has rated Delaware number one each time it has ranked state legal systems. This will help you in the future when you need it.
About the Author: John L. Williams
Delaware Business Lawyer
Featured on NBC Today Show, Dateline NBC, China Business News, Xinhua News Agency, Swiss National Public Television
John L. Williams, Esq. helps small business owners through all stages of their business. From formation and choice of entity, to contract drafting and negotiation, he holds annual meetings with certain corporate clients. He helps business owners with estate planning. When partners go separate ways, he has experience in unwinding the LLC and corporation.
He enjoys drafting corporate documents to avoid future disagreements and litigating for clients when conflict is unavoidable. He is especially experienced in the sale or purchase of a business and rendering opinion letters for Single Purpose Entity financing transactions. He advocates for clients in all Delaware state courts. He is licensed to practice law in Delaware, Pennsylvania, New York, New Jersey and Massachusetts.
His practice focuses on business law and trust law. He manages both (1) The Williams Law Firm, P.A. http://www.TrustWilliams.com and (2) Agents and Corporations, Inc. http://www.IncNow.com which were both founded by David N. Williams, Esq. in 1974.
Never miss a thing with our weekly newsletter. We'll send you the latest and greatest infographics, news and all things Visually.
Go ahead, you can always opt out anytime with just one click.
Switch to Wordpress Code
Click below to copy
Get Notified of New Infographics
Thank you for subscribing to the Visually newsletter.
Just one last thing: we've sent you an email asking you to confirm your subscription.
Tell your story visually before December 31st and get a free iPad Air!*
The holidays are a great time to tell your brand story. From Black Friday trends and Mobile Shopping guides to the Best and Worst Times to Book Travel and Thanksgiving etiquette, the Visually team will help you craft your brand's unique stories and raise your social profile during the noisy holiday season.
*Requires $10k minimum purchase
Please tell us more about your professional experience...
Please fill out at least one of the following fields