If your Shopify-powered e-commerce business is thriving and you’re ready to take to the next level, you may have some questions about how to do so. The natural next step would be to incorporate your business so that it can become an independent entity and limit your liability as a business owner. Incorporating your business is a fairly simple process, but where you incorporate it can impact your investment into your business venture.
So, the questions is…where should you incorporate your Shopify-powered business? While you can incorporate in any state including your own, some states are more business-friendly than others thanks to their business laws. Delaware is considered one of the most business-friendly states when it comes to incorporating, and hey, we might be a little bit biased, but for Shopify store operators specifically, registering in Delaware offers many benefits:
- Less Legalities - Filing as a Delaware incorporating is a great option for a small business, especially a Shopify store, because there aren’t as many legalities to navigate.
- No Minimum Capital Requirement– Another reason for the ease of incorporating in Delaware is that there is no minimum capital requirement for a Delaware corporation. So, no matter the size or scale of your Shopify business, you’ll be eligible to incorporate in the state.
- You Don’t Have to Be Resident – You don’t have to live in Delaware to incorporate there. Furthermore, the business doesn’t have to carry out any of its business in Delaware. You can be based anywhere in the U.S. – or the world.
- No Local Tax Liability – When business is carried out outside of the state, a Delaware corporation is not liable for local taxes.
Whether you’re taking your Shopify-powered e-commerce store to the next level, starting a brick-and-mortar business or want to legitimize your side venture, registering a corporation or LLC in Delaware is an easy and efficient process.
Delaware Business Incorporators offers a comprehensive array of registration and legal services to get you there. To learn more about incorporating in Delaware, visit our “Start a Company” dropdown tab or call us directly at 302-996-5819 for more information.