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The Delaware General Corporation Law (sometimes abbreviated DGCL), officially the General Corporation Law of the State of Delaware (Title 8, Chapter 1 of the Delaware Code), is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. [1] The statute was adopted in 1899.
The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.
— register of the majority of juridical persons types, a well as other collective (private) legal entities (there are, however, numerous exceptions, see List of official business registers#Registers of businesses excluded from registration as entrepreneurs); assigns a registration number (numer KRS), mandatory to be exposed on all outbound ...
A similar company was formed separately by Josiah P. Marvel, an attorney and then-leader of the American Bar Association, The Delaware Bar Association, and the Delaware State Chamber of Commerce. [4] In 1920, Ward and Marvel combined their two companies under the name Corporation Service Company.
A majority of public corporations in the United States file in Delaware or Nevada, although Wyoming is a popular choice as well. Delaware: Over 60% of Fortune 500 companies and 75% of new corporations every year are incorporated in the state of Delaware due to the state's favorable corporate treatment. [20]
Delaware Intercorp is an American registered agent [1] headquartered in Delaware. [ 2 ] The company provides incorporation, corporate documentation solutions [ buzzword ] along with entity support services and was the top-ranked Delaware Incorporator on the 2007 Delaware Business Ledger Book of Lists. [ 3 ]
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DSTs can be structured as a pass through entity, so that any income will go straight to each individual trustee's Form 1040 and state's tax returns, thus avoiding income tax at the entity level. [2] [11] [12] Features of a Delaware statutory trust are very attractive to many business entities. These features include: [7] [13]
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