Corporation Trust Center
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."[1] In 2012 it was the registered agent address of no fewer than 285,000 separate businesses.[2]
Many companies are incorporated in Delaware for its business-friendly General Corporation 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 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.[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
- Delaware General Corporation Law
- List of company registers
- Ugland House in George Town, Cayman Islands
References
- ^ "CT Corporation - Registered Agent, Incorporation, Entity Management and Compliance Services". Archived from the original on December 15, 2012.
- ^ Leslie Waynejune: How Delaware Thrives as a Corporate Tax Haven, The New York Times, June 30, 2012
- ^ a b Neate, Rupert (April 25, 2016). "Trump and Clinton share Delaware tax 'loophole' address with 285,000 firms". The Guardian. ISSN 0261-3077. Retrieved April 25, 2016.
- ^ "Welcome to tax-dodge city, USA". April 10, 2009 – via The Guardian.
- ^ "Plusminus – Das Wirtschaftsmagazin - DasErste.de".
External links
39°44′54″N 75°32′52″W / 39.74847°N 75.54764°W
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