Delaware corporation is a company that is legally registered in the state of Delaware but may conduct business in any state
Incorporation in Delaware affords companies numerous benefits. Businesses might not have to disclose who their officers and directors when they file documents in the state at the time of a company’s formation. Furthermore, if the business does not conduct its operations in Delaware, the state’s corporate income tax may not apply. Instead of paying that income tax, those Delaware corporations instead pay a franchise tax..
It is common to see those who own private boats or yachts registering “Delaware” as their domicile, but why?