3 ms·
That's only part of what he says, and the rest doesn't seem really valid to me. He said: >1. Flexible Laws. Yes, this is slightly more attractive for VCs. Bu
by travisp 17y ago
That's only part of what he says, and the rest doesn't seem really valid to me.
He said:
>1. Flexible Laws.
Yes, this is slightly more attractive for VCs. But I imagine, unless you are in an odd state, that VCs can handle corporations incorporated in, say, California.
>2. No Wildcard Juries.
If you're sued in Delaware, which you don't have to be.
>3. Precedence = Less Litigation.
Ditto.
>4. It’s Free! (Well, almost)
Foreign corporation registration may end up making it more expensive.
> A little bit cheaper than California ($100..but they nail you for $800 every year in franchise fees)
You don't get out of California franchise fees by incorporating somewhere else. See California's Franchise Tax Board document FTB 1063.
>5. Privacy
Since you may have to register as a foreign corporation, this anonymity in Delaware may be moot.
- freetard 17y agoWhat if you live outside of the US?