2 ms·
Not really. Companies of every size have been taking advantage of stuff like this for decades. Stuff like Delaware's corporation laws [1] are pretty well know
by jlarocco 15y ago
Not really. Companies of every size have been taking advantage of stuff like this for decades. Stuff like Delaware's corporation laws [1] are pretty well known. It's common sense, really. Why would anybody pay more taxes than they had to?
https://en.wikipedia.org/wiki/Delaware_General_Corporation_Law https://en.wikipedia.org/wiki/Delaware_General_Corporation_L....
- nirvdrum 15y agoUnless I'm grossly mistaken, there's no tax benefit to incorporating in Delaware. Their franchise tax is actually pretty high. The reason to incorporate there has to do with reducing legal costs, AFAIK, which is a separate matter.