3 ms·
It's mostly due to delware (other states are very different). The state of Delaware uses its lenient coporation laws as a way to make a ton of revenues for the
by nkassis 16y ago
It's mostly due to delware (other states are very different). The state of Delaware uses its lenient coporation laws as a way to make a ton of revenues for the state. These laws attract most corporations (for foreigners some of these laws are very useful) in the US and franchise taxes for a state the size of Delaware are incredibly important.
Like I said other states have very different laws but most people will tell you that with all the bad delaware is still not decent choice to incorporate.
- cyrus_ 16y agoIn fact, Delaware makes so much from these taxes that it doesn't even have a sales tax. Other taxes for Delaware residents are also very low compared to its neighboring states.