Topic: United States/Delaware
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One address is home to 285,000 US businesses, including Apple and Google
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, a subsidiary of Dutch multinational services firm Wolters Kluwer. This is CT Corporation's location in the state of Delaware for providing "registered agent services." In 2012 it was the registered agent address of at least 285,000 separate businesses.
Many companies are incorporated in Delaware for its business-friendly General Corporation Law and it was estimated in 2012 that 9.5 billion dollars of potential taxes had not been levied over the past decade, due to an arrangement known as the "Delaware loophole." Companies formed in Delaware are required to have an address in the state at which process may be served. Therefore, Delaware entities with no physical office in the state must have a registered agent with a Delaware address. Notable companies represented by CT at this location include Google, American Airlines, Apple Inc., General Motors, The Coca-Cola Company, Walmart, Yum! Brands, Verizon, and about 430 of Deutsche Bank's more than 2,000 subsidiary companies and special purpose companies. Both Former President of the United States Donald Trump, and his opponent in the 2016 United States presidential election, Hillary Clinton, have registered companies at the center.
- "One address is home to 285,000 US businesses, including Apple and Google" | 2021-02-11 | 24 Upvotes 3 Comments