While some like the local laws, CEOs have openly stated they've incorporated there for tax reasons, and there's research suggesting the tax benefits matter more

While some like the local laws, CEOs have openly stated they've incorporated there for tax reasons, and there's research suggesting the tax benefits matter more than the legal benefits: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1737937 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1737937 I'd also note they seem to have given in to some federal demands to make the incorporation rules stricter: https://www.marketwatch.com/story/delaware-backs-overhaul-of-shell-company-rules-2018-06-25-154852727 https://www.marketwatch.com/story/delaware-backs-overhaul-of...