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Corporation Trust Center (CT Corporation)

Corporation Trust Center (CT Corporation), 1209 North Orange Street, Wilmington, DE 19801-1120

The Corporation Trust Center, 1209 North Orange Street, is a single-story building located in the Brandywine neighborhood of Wilmington, Delaware, USA, operated by CT Corporation. This is CT Corporation's location in the state of Delaware for providing "registered agent services."[1] In 2012 it was the registered agent address of no fewer than 285,000 separate businesses.[2]

Companies have offices in Delaware due to its desirable corporate taxes and law, and it is estimated that 9 billion dollars of potential taxes were not levied over the past decade, due to the Delaware loophole.[3] Offices are usually held in the state to avoid the high franchise fees associated with registering the company in Delaware and operating the corporation outside the state.[4] Notable companies that hold a post-office box at this location include Google, American Airlines, Apple Inc, General Motors, Coca-Cola, Kentucky Fried Chicken, Verizon Internet Services, and Deutsche Bank with about 430 of their more than 2,000 subsidiary companies and special purpose companies.[5][6] Both President Donald Trump, and his opponent in the United States presidential election 2016 Hillary Clinton, have registered companies at the center.[3]

See alsoEdit

ReferencesEdit

  1. ^ "CT Corporation - Registered Agent, Incorporation, Entity Management and Compliance Services". Archived from the original on 2012-12-15.
  2. ^ Leslie Waynejune: How Delaware Thrives as a Corporate Tax Haven, The New York Times, June 30, 2012
  3. ^ a b Neate, Rupert (2016-04-25). "Trump and Clinton share Delaware tax 'loophole' address with 285,000 firms". The Guardian. ISSN 0261-3077. Retrieved 2016-04-25.
  4. ^ "State of Delaware - Division of Corporations - How To Calculate Franchise Taxes".
  5. ^ "Welcome to tax-dodge city, USA". 10 April 2009 – via The Guardian.
  6. ^ "Plusminus – Das Wirtschaftsmagazin - DasErste.de".

External linksEdit