Delaware Business, Taxation and Offshore Information
Delaware is a small state within the United States of America. It has the sixth lowest population total, while Rhode Island is the only state that covers a smaller area. Despite this, Delaware is the biggest state for the formation of business entities. This is partly because Delaware legislation is very business-minded, and partly because Delaware’s corporate income tax only applies to business conducted in Delaware itself. If a corporation does not conduct business in Delaware, the only tax paid to Delaware is an annual 'franchise' tax.
Courts in Delaware frequently handle significant cases on an expedited basis in which time is critical to the litigants. Delaware's Summary Proceedings Act offers a unique procedure to resolve major commercial disputes on an expedited schedule with special rules to minimize the burden and expense of litigation. More »