Where In The US?

To most American buyers, it doesn’t much matter where in the US your business is located…. providing you are in the US. We encourage you to base your decision on factors like tax rate, cost of business, and labor pool availability.
 
​The third most populous US state, more people live in Florida than New York state. More companies are moving to Florida for its young, well educated, low cost labor pool, high quality of life and low cost of living. Florida is in fact growing so quickly that is is forecast to become the second most populous US state within a decade.
 
The Harris Poll surveyed 2,232 US adults between November 11 and 16, 2015 asking where – excluding their current state – they would most like to live.The number one preference expressed was Florida. The same poll asked where they would least like to live and California, New York, Alaska, Mississippi, and Texas were the top (or is it bottom?) states named.

HOw Does Florida Compare To…

 

New York

Is your UK office in the City of London? If not, why do you feel a need to be in Manhattan, where costs are high and staff are difficult to recruit and retain? Read this on commuting in Manhattan. The median house price for a home in New York City is $655,109 compared with $208,132 in Tampa, Florida.

It makes us sad when companies insist they want to be based in Manhattan, New York and when we ask where they are in the UK they reply Stoke-on-Trent, or Salford, or  Salisbury, Swansea, Sheffield…. Stratford-upon-Avon, but rarely the City of London.
 

Silicon Valley

Living in California is so expensive, salaries have gone (in our view) crazy. The median house price in San Francisco is $1.3 million compared with $208,132 in Tampa, Florida.
 
Commuting in Silicon Valley has reached the point where companies like Google have to provide luxury buses with WiFi to get their staff to work.
 
​Kate Downing and her husband Steve live in Palo Alto, California. They both hold good jobs – he a software engineer in Silicon Valley, she a planning and transportation commissioner for the city.  If they wanted to purchase their current house – which they rent with another couple for $6,200 a month – it would cost $2.7m with monthly mortgage and tax payments of $12,177,  adding up to more than $146,000 a year. They are moving. And so are thousands more.
 

Delaware

Be absolutely sure you need to be incorporated in Delaware. The people advising you to incorporate in Delaware may profit, but what is the real benefit to you?
 
There are reasons you might want to incorporate in Delaware. A group of third party investors might insist they want your company incorporated in Delaware. You might be planning an imminent initial public offering (IPO). Maybe you plan to trade from the state of Delaware (very, very, very unusual).
 
Chances are if an attorney recommends incorporating in Delaware, they will also be looking for an annual retainer. 
Since 1792 US companies have incorporated in Delaware. In 2017 it is as easy as ever to register a company in the state with scant disclosure of the real owner, making the state a magnet for anonymous shell companies that law enforcement agencies say can be used to avoid taxes, launder money from drug-trafficking or conceal terrorist financing.

Other states (including Florida) now have the business regulations and courts which initially made Delaware attractive to law-abiding companies.

​Delaware in the only US State without a commercial airport. It has only one Fortune 500 corporation headquarters, DuPont, and that may not be there much longer.

 

Other Questions You May Have

Continue reading about the concerns most often heard from our clients considering the US market,with the understanding that we are not a consultancy and do not charge for information or conversation.

US Market News and Headlines

Curated news relevant to UK companies interested in US markets.

More: US Market News

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