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Delaware Franchise Opportunities

Photo by Vladimir Kudinov on Unsplash

Small but mighty, Delaware is known as The First State—having been the first state to ratify the Constitution. These days, Delaware is home to a little less than a million people, and one of the largest Air Force bases in the country.

City Selection

If you decide to move to Delaware, you won’t have too many options on where to live—there are only three counties in the whole state! Consider checking out Wilmington, the largest city with 70,000 residents; Dover, the state capital; or Newark, home to the University of Delaware.

Interesting Industries

Some of the main industries in Delaware include banking, healthcare, pharmaceutical, technology and agriculture. In addition, many people work in the government and in education. There are also lots of military personnel around due to the Dover Air Force Base.

Corporation Law

More than half of all U.S. publicly traded companies are incorporated in Delaware because the state’s business-friendly corporation laws.

However, there are still franchise taxes—in fact, they make up a fifth of the state’s revenue. In addition, Delaware has a corporation income tax and a tax on limited liability companies, limited partnerships and general partnerships.

There is also a personal income tax that ranges between 2.2 and 6.6 percent based on your earnings.

Bars, Beware

If you’re thinking about opening any kind of franchise that sells or serves alcohol, you should know that you will need a special license to do so, and that drinks and booze can only sold between 9 a.m. and 1 a.m. Until 2003, Delaware also followed blue laws that banned the sale of alcohol on Sundays.

Tennessee Franchise Opportunities

Birthplace to the blues and home to more than 6.5 million people, Tennessee attracts tourists from around the world, has a low cost of living and a booming economy. Consider making Tennessee your next home for a franchise!

Montana Franchise Opportunities

If you long for the great outdoors and want to live in a lot of space without a lot of people, consider moving to Montana, where some of the most beautiful natural spaces are national parks, and there won’t be much to block your view of the mountains.

Maine Franchise Opportunities

If you’re a fan of forests, find yourself salivating over seafood, and want some peace away from people, maybe Maine is the right state for you to settle down in and start a franchise. There are lots of smaller towns—such as Augusta, Portland and Bangor—that will provide enough customers to run a business, but without the overwhelming hustle and bustle of major metropolitan areas.