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> founded [..] in Delaware, USA by two French founders This sets off my spidey sense. Delaware is known to be a hot bed of fly-by-night corporations and front
by auiya 7y ago
> founded [..] in Delaware, USA by two French founders
This sets off my spidey sense. Delaware is known to be a hot bed of fly-by-night corporations and front companies used exclusively for shady dealings[1]. I'm not saying that's the case here, but proceed w/ caution.
[1] https://www.transparency.org/news/feature/delaware_the_us_corporate_secrecy_haven https://www.transparency.org/news/feature/delaware_the_us_co...
- chrisrhoden 7y agoIt's also an extremely common place to set up a legitimate business. > More than 50% of all U.S. publicly traded companies and 63% of the Fortune 500 are incorporated in Delaware. https://en.m.wikipedia.org/wiki/Delaware https://en.m.wikipedia.org/wiki/Delaware
- JohnFen 7y agoDelaware is used as the base for a lot of corporations of all stripes. It's because they provide an enormous tax advantage. I actually had an argument with my business attorney about this many years ago. He wanted me to incorporate in Delaware for the tax benefit. I wanted to incorporate in my own state because that's the right thing to do.