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They changed to be Incorporated in Texas. Texas is corporation friendly.
by nojvek 3y ago
They changed to be Incorporated in Texas. Texas is corporation friendly.
- Ekaros 3y agoCorporation or investor friendly? What does corporation friendly even mean in this context? Good for the shareholders or good for the CEO?
- TheLoafOfBread 3y agoI don't think that ever happened. As far I understood, problem is that Delaware will tax you up to certain amount and then you are tax free, while Texas will tax you a lot without any upper limit, so incorporating in Texas would breach fiduciary duty and warrant another lawsuit from shareholders.