Which U.S. States Are Best for Business? According to the Tax Foundation, the Top 10 are, in order: Wyoming, South Dakota, Nevada, Alaska, Florida, Montana, New Hampshire, Texas, Delaware and Oregon. The ranking is based on business taxes, corporate tax, individual income tax, sales tax, unemployment tax and property tax. The Tax Foundation has monitored tax policy at the federal, state and local levels since 1937.
Should I Incorporate in Delaware? Yes. U.S. hedge funds are established primarily in Delaware because Delaware company law is the best in the United States. Pro-management corporate law serves as the reason for setting up a U.S. hedge fund in Delaware. The reason for this is that Delaware has a sophisticated Court of Chancery that focuses on company law. This Court has reputation for being pro-management and efficient when adjudicating disputes between investors and hedge fund management. Given the depth, predictability and friendliness of Delaware's body of company law decisions and given that hedge fund operations result in a significant division between ownership interests (i.e., investors) and control (i.e. fund management), it makes sense to set up a hedge fund in Delaware. A U.S. hedge fund’s investment manager can be set up in your home country, offshore, or in the United States.
Why a Delaware Hedge Fund? In the United States, hedge funds are found chiefly in Delaware. U.S. hedge funds are established primarily in Delaware because Delaware offers the most advanced business friendly law in the United States. In fact, Delaware’s business friendly environment is attractive to companies across the globe, not just hedge funds.
What is Service of Process? Service of Process (SOP) is a legal procedure used most commonly to notify a defendant that a law suit has been initiated against it by a suing party (plaintiff). Service documents usually consist of a summons and complaint. The summons serves as official notice that a suit has been initiated against a defendant and compels a response to the claim within a certain time frame after service documents are accepted by a registered agent, usually 20 days. If the defendant fails to respond timely, the court may find the defendant in default and award a judgment in favor of the plaintiff.
U.S. Bank Accounts If you need a bank account in the U.S. you must either come to the United States so the bank can verify your ID, in person. We can direct you to a large national bank that may open an account for you without coming to the United States.
How to Get Started We accept MasterCard, Visa, Checks, and Wire Transfers. If you are not located in the United States or are not a U.S. Citizen and need a U.S. company, we can establish one for you. You do not have to be a U.S. citizen to own a U.S. C-Corporation or LLC (limited liability corporation). We will need your contact information, the name that you want to use for your company, who is going to be the director of the company along with a scan of that person's passport and payment. The only limitation is that you can not start an S-Corporation. We can have the company established and the IRS tax number issued within seven (7) business days. The costs are the same for you as they are for anyone else, except for the cost of shipping via International FedEx service so that you can get the package in a timely manner. Please note, we can not establish companies for you if you are from Cuba, Iran, North Korea, Sudan, Western Balkans, Burma, Liberia, Zimbabwe or if your name appears on the OFAC list of blocked persons or companies. Contact Us for Assistance Today
Delaware Company Services Let us set up your Delaware company for a very low price. Our resident agent and registered office services are the best in Delaware; you will receive your U.S. mail if you select us. Our sister company, Capital Services Group, LLC is located in Delaware and is fully staffed. Many of our competitors do not forward mail timely; they just let it sit in their mail room. Your company mail receives our immediate attention! Contact Us Today
Delaware Company Law is Protective Delaware corporate law affords directors and officers a great deal of discretion in managing the business free from the undue interference of shareholders and regulators. Delaware's highly regarded reputation stems from the Court of Chancery that focuses solely on company law. The Court of Chancery has earned a reputation for fairness and decisiveness when hearing disputes between investors and hedge fund managers. Indeed, the Delaware “brand” of company law has been "exported" to several other countries. Moreover, Delaware is one of the most protective jurisdictions in the world of proprietary information. The issue of privacy extends beyond Delaware's borders to other U.S. states.
A 2006 Government Accountability Office report, found that most other states do not require ownership information when businesses are formed or don't have to submit periodic reports. Read the GAO 2006 Report of U.S. Company Formations In addition to Delaware, Nevada and Wyoming are considered advantageous places to set up a company. In any event, given the depth, privacy, predictability and pro-business cast of Delaware's company law, it makes good business sense to set up a business in Delaware.
Why do I need a registered agent and a registered office? A registered agent is a representative appointed in a business entity's corporate registration documents with responsibility to accept: service of process, annual reports, tax notices, and official agency correspondence intended for the company. As the statutorily required company representative "to receive and forward any legal service of process served on the entity during litigation," a registered agent's primary responsibility is to forward service documents to the appropriate contact within the company in a timely manner. The requirement to maintain a registered agent is a matter of consumer protection. State laws require a registered agent to ensure a company representative is easily accessible to a process server to accept Service of Process in case the company is sued.
A business entity should maintain a registered agent who is reliable and experienced. Many business entities will not appoint an employee or company officer as their registered agent as they usually have no experience in legal matters. If service material is not handled in a timely fashion it could result in a default monetary judgment against the company. Laws require a corporate entity to name a registered agent in their corporate documents. A registered agent must always remain on record or the entity could be administratively dissolved. Laws require the registered agent to be physically located in the state of business with a street address for accessibility. Post office boxes are not allowed.
A registered agent should maintain accessibility to their physical location during normal business work hours without closure, except holidays. In most states, a registered agent can be an individual or business entity, however, a business entity cannot act as its own registered agent. Annual reports, tax notices and other official correspondence are also forwarded to the registered agent in many states, so domestic entities should also retain a registered agent to ensure important documents are properly received and handled. Failure to file an annual report could cause the company to lose its good standing and liability protection. Our registered agent services, through Capital Services Group, LLC are offered out of Bethany Beach, Delaware. Contact Us for Assistance
CapitalManagementServicesGroup.com is recognized by discriminating fund managers and businessmen as being the foremost tax and legal authority in the business. Attorney Hannah Terhune's education and experience are unsurpassed in the area of hedge funds creation and management platforms, and the complex body of related tax laws. Ms. Terhune's extensive knowledge and experience have made her an indispensable resource for serious hedge fund and business professionals. Ms. Terhune's articles on the subjects have appeared in over 100 publications worldwide. Chances are, if you have read about the above matters, Ms. Terhune has written about them.
Give us the opportunity to use that knowledge and experience for you. We have both regulatory experience and the understanding of the foreign exchange and securities markets. We know how to navigate the compliance with rules and regulations in the United States as well as in regulated jurisdictions such as United Kingdom, Singapore, Hong Kong, Canada and the British Virgin Islands. Each client receives personalized attention from our attorneys and staff. No client is too large or small though because of our boutique size. We pride ourselves in providing personal attention to each client.
CMSG provides the best services and support needed for hedge funds and business projects. No need to coordinate work between different firms--we handle the entire business process from start to finish. We offer accounting, tax planning services, tax return preparation, business consulting, and U.S. and international company formation services. Our professionals provide the highest quality services at competitive rates. But don't take our word for it, give us a call and let us prove what we can do for you. Read our Leading Media Articles, Customer Testimonials and learn more About Us.
Personal Consultations You get answers to your specific questions by speaking directly to Hannah Terhune, an experienced hedge fund and international tax attorney. Ms. Terhune's hard-earned knowledge and experience can be put to work to save you unnecessary steps and costly wasted effort. The consult is an invaluable opportunity to speak to Hannah one-on-one, and learn how to achieve more in less time. As a result, you can anticipate that the return on your investment will far outweigh the costs associated with our unsurpassed services. Ms. Terhune's credentials reflect an invaluable resource that combines a well-informed professional practitioner with sound ethical judgment that cannot be over-estimated. The expertise required to recommend best solutions and provide sound advice should never be taken lightly. We are confident that when you are finished with your consultation, you will be impressed and more informed about your business plans than ever before. Call (307) 213-4732 orClick Here to Request Services.
Our Commitment Henry David Thoreau wrote: "Do not hire a man who works for money, but him who does it for love of it." We are committed to your business plans and bringing you the best possible options. We are an established and internationally recognized business that serves and educates our clients throughout the industry. We do this by striving for the best results. Above all, we are a law firm. A lawyer is a philosopher and role model. The ability to improve our clients' lives is a privilege that we do not take lightly. There is tremendous power in being able to effect a positive change in our clients' lives. Our aim is to welcome our clients and to provide a comfortable, warm environment for all. Thanks for visiting our website. We hope to have the opportunity to serve you.
Why Hire Us? When you engage us for hedge fund you get a unique combination of securities, tax, and international experience, focused on the trader niche. We have established a leadership position with traders. We are one destination for all your very special hedge fund and trader tax needs. We think we have the best set of offering documents based on the current and ever changing federal, state and offshore securities, commodities, and tax laws. We aim and deliver quick turnaround times, because we understand that our customers want to begin their money management business as soon as possible. We conceive, structure, and deploy the best tax saving strategies into your hedge fund vehicle (for the benefit of the manager and their investors) and your management company. Investors value tax-savings strategies and we utilize all our special knowledge and ideas in this area. Our customers value our one-stop relationship. We will help you start your business and continue to assist you. Our tax services division handles accounting, software, and tax compliance, including all tax matters (tax planning and tax returns). Only one thing counts with us and that's our customer relationships!