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"Based on corporate and llc/individual tax rates, I don't really see the advantage." Yes, correct. Incorporating in Delaware is not so much about saving taxes.
by codegeek 10y ago
"Based on corporate and llc/individual tax rates, I don't really see the advantage."
Yes, correct. Incorporating in Delaware is not so much about saving taxes. Delaware is considered to be friendly towards corporations and the legal system actually understands the challenges a business goes through. For example, Delaware has a Court of chancery that focusses specifically on business law and uses judges instead of juries [0]. Things like that.
[0] http://www.bizfilings.com/learn/incorporate-delaware-nevada.aspx http://www.bizfilings.com/learn/incorporate-delaware-nevada....