The Corporation Trust Center is operated by CT Corporation, a subsidiary of Dutch information services firm Wolters Kluwer. The company provides "registered agent services"[1] and, as such, is not responsible for the business or legal affairs of the customers it serves. In 2012, it was the registered agent address of at least 285,000 separate American and foreign businesses who operate or trade in the United States.[2] The split level building is located at 1209 North Orange Street in Wilmington, Delaware, United States.
Many companies are incorporated in Delaware for its business-friendly General Corporation Law. It was estimated in 2012 that $9.5 billion of potential taxes had not been levied over the past decade, due to an arrangement known as the "Delaware loophole".[2] 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, Take-Two Interactive, NetThunder, multiple subsidiaries of Merlin Entertainments[3] and about 430 of Deutsche Bank's more than 2,000 subsidiary companies and special purpose companies.[4][5] Both former President of the United States Donald Trump, and his main opponent in the 2016 United States presidential election, Hillary Clinton, have registered companies at the center.[6]
See also
- Delaware General Corporation Law
- List of company registers
- Ugland House in George Town, Cayman Islands
External links
- Video made by Half as Interesting: The Tiny Building Where 285,000 Businesses are Based
References
- ^ "CT Corporation - Registered Agent, Incorporation, Entity Management and Compliance Services". ct.wolterskluwer.com. Archived from the original on December 15, 2012.
- ^ a b Wayne, Leslie (June 30, 2012). "How Delaware Thrives as a Corporate Tax Haven". The New York Times. Archived from the original on November 24, 2020. Retrieved November 24, 2020.
- ^ "High Court Trespass Injunction - Merlin Entertainments" (PDF). Alton Towers Resort - High Court Decision 10th August 2018. August 10, 2018. Archived (PDF) from the original on May 25, 2022. Retrieved August 22, 2022.
- ^ Clark, Andrew (April 10, 2009). "Welcome to tax-dodge city, USA". The Guardian. ISSN 0261-3077. Archived from the original on December 24, 2016. Retrieved May 17, 2024.
- ^ "Plusminus – Das Wirtschaftsmagazin - DasErste.de". ARD Mediathek. Archived from the original on August 18, 2012. Retrieved July 14, 2012.
- ^ 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.
39°44′54″N 75°32′52″W / 39.74847°N 75.54764°W
 | This article about a building or structure in Delaware is a stub. You can help Wikipedia by expanding it. |
This page was last edited on 17 May 2024, at 22:19