Harman Patil (Editor)

Corporation Trust Center (CT Corporation)

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Phone
  
+1 302-658-7581

Corporation Trust Center (CT Corporation)

Address
  
1209 N Orange St, Wilmington, DE 19801, USA

Similar
  
Ugland House, 25 Cabot Square, Brandywine Zoo, Courtyard Wilmington Downtown, Rodney Square

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." In 2012 it was the legal address of no fewer than 285,000 separate businesses.

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. Offices are usually held in the state to avoid the high franchise fees associated with registering the company in Delaware and operating the corporation outside the state. 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. Both President Donald Trump, winner of the United States presidential election, 2016 and his opponent Hillary Clinton, have registered companies at the center.

References

Corporation Trust Center (CT Corporation) Wikipedia