More than one million businesses are incorporated in Delaware, which makes more than one business for every single Delaware resident. Many businesses choose to incorporate in Delaware for three main reasons: time savings, money savings, and legal protections. Delaware’s tax laws and business filing requirements make the state an attractive place to be. US News & World Report ranks Delaware sixth in its Ten Best States for Business, citing its low tax burden and high rate of new business filings.
People and companies that do business in Delaware will benefit from its economic prosperity and growth. In Q3 of 2017, the GDP growth rate was the highest in the US. At the same time, its per capita GDP was the second highest. These numbers show an economic strength that translates into paying customers and thriving businesses.
New businesses can also look forward to an educated workforce with members from many different backgrounds. The population ranks highly for diversity, and high-school graduation rates are rising in Delaware.
Delaware is a popular state for business because of its cost savings and all-around support of businesses. FranNet’s local experts know the ins and outs of this state well, and they’re ready to help you choose a business that maximizes your advantages in Delaware.