How One Address in Delaware is Home to 285,000 Companies
There is a small two-story building in Wilmington, Delaware, that is the registered agent address of at least 285,000 American and foreign businesses operating in the United States. The address at 1209 North Orange Street in Wilmington is the home to more companies than anywhere else in the world.
The building is called the Corporation Trust Center and is operated by CT Corporation, a subsidiary of a Dutch information services firm called Wolters Kluwer. This company provides registered agent services, which is an individual or business that accepts tax and legal documents and maintains corporate compliance for legal notices and annual report filings on behalf of a business.
The Corporation Trust Center’s address is the home to major companies like Google, Apple, Verizon, American Airlines, General Motors, Walmart, and Coca-Cola, to name a few. Hilary Clinton and Donald Trump even have registered companies through the Corporation Trust Center, as do foreign businesses such as Deutsche Bank.
The reason so many companies are incorporated in Delaware is because of the state’s General Corporation Law. More specifically, companies take advantage of a thing called the “Delaware Loophole.” This loophole allows companies to avoid paying state corporate income tax where they earn revenue since Delaware is…
