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> Weather it's Delaware corps (sic) What? Delaware corporations are completely standard. The state bureaucracy is fairly efficient, the laws are reasonable, la
by dcposch 11y ago
> Weather it's Delaware corps (sic)
What? Delaware corporations are completely standard. The state bureaucracy is fairly efficient, the laws are reasonable, lawyers well versed in Delaware corporate law are readily available in all 50 states, etc. It's not about tax avoidance.
- jeffwass 11y agoIt's entirely about tax avoidance, thats the whole point of using a Delaware Corp and why they're so popular. The fact they're standard is irrelevant to the parent's claim. They're only standard because nobody wants to voluntarily pay extra state taxes. And for some reason it's both legal and generally socially acceptable to have a corporation that has its office and effectively does its business in another state be legally based in Delaware to avoid state tax. Edit - adding link to 2012 NYT article : http://mobile.nytimes.com/2012/07/01/business/how-delaware-thrives-as-a-corporate-tax-haven.html?referer= http://mobile.nytimes.com/2012/07/01/business/how-delaware-t...