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It’s not about moving your HQ to Delaware or Wyoming. It’s about adopting the corporate law of the state of incorporation. When a company incorporates in a stat
by thephyber 2y ago
It’s not about moving your HQ to Delaware or Wyoming. It’s about adopting the corporate law of the state of incorporation. When a company incorporates in a state like Delaware, they usually have minimal physical presence (eg. a PO Box / mail forwarding service, a firm that supplies a minimal skeleton board and does minimal corporate rituals).
- benatkin 2y agoI think the reason Delaware has been offering its way of doing things for so long may be the exact same reason it's being called into question now. People who had small-town ideals but called the eastern seaboard home might have moved to or stayed in Delaware because they saw it as a place where they could embrace its small-town ideals, but now it's increasingly connected to nearby places like Philly, Washington, DC, and NYC.
- wrs 2y agoThe Delaware Chancery Court has about as much to do with “small-town ideals” as the Cayman Islands Monetary Authority.