Delaware Corporation
Delaware Corporations are for big business. The Chancery Court is best for those businesses that are publicly held. Delaware is best for big business. More than 60% of Fortune 500 companies are filed in Delaware. Why? Case law with a history over 100 years addressing shareholder rights. Delaware is a state that is “pro-management.” Delaware has in come tax, state franchise tax, and is more regulated. There are reporting requirements.
Wyoming Corporation
Wyoming is for small business. Small and privately controlled companies are best served by a Wyoming Corporation. Wyoming is best for small business. Ownership is private. There’s no income tax in Wyoming. Your Wyoming company may need to file to do business in another state under certain circumstances and file taxes in your home state.