Corporation Trust Center (CT Corporation)

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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] 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 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.[4][5] Both President Donald Trump, and his opponent in the 2016 United States presidential election, Hillary Clinton, have registered companies at the center.[3]

See also[edit]

References[edit]

  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. ^ "Welcome to tax-dodge city, USA". 10 April 2009 – via The Guardian.
  5. ^ "Plusminus – Das Wirtschaftsmagazin - DasErste.de".

External links[edit]

Coordinates: 39°44′54″N 75°32′52″W / 39.74847°N 75.54764°W / 39.74847; -75.54764