Where should I incorporate a benefit corporation?
@Brian Belley, @Jenny Kassan and @Sara Hanks, I wonder if you have thoughts about where to incorporate a benefit corp.
Where should I incorporate a benefit corporation?
When setting up a business entity in the past, I've typically just registered an LLC in my state as I haven't intended to raise equity. One exception where I did raise money, I incorporated a C-Corp in Delaware. I was quite unhappy with my experience registering and maintaining an entity there. I hired a well-respected agent to help me and felt I got jerked around more than supported. I am considering a crowdfunding raise for a social enterprise. If I want to form a benefit corporation and raise money via Reg CF, where do you recommend I register? Delaware or my home state of Florida? Elsewhere?
@Brian Belley, @Jenny Kassan and @Sara Hanks, I wonder if you have thoughts about where to incorporate a benefit corp.
I do recommend forming a benefit corp in Delaware. Delaware is very easy to work with and the statute is less onerous than in other states. You do need to make sure to register as a foreign corp in the state where your headquarters are.
Thank you so much! I value your advice.