Delaware is 5x South Dakota for exactly the same thing, just to exist. At a certain level of receipts it doesn’t matter and the tax rate is more important, or w

Delaware is 5x South Dakota for exactly the same thing, just to exist. At a certain level of receipts it doesn’t matter and the tax rate is more important, or what the corporate law structure is like. But yeah, there’s really no valid reason other than the fact that California can get away with it.