3 ms·

Nevada has long been an alternative to Delaware for C corps. Any ideas what advantage Texas has over Nevada? Or simply: why not Nevada?

JumpCrisscross 2y ago
> why not Nevada? Texas gives out goodies. And fewer people want to live in Nevada than Texas.
- dkjaudyeqooe 2y ago
  A company's incorporation location has nothing to do with where it does business. And what goodies does Texas give out? Like the ones that Disney got?
  - inetknght 2y ago
    > A company's incorporation location has nothing to do with where it does business. That's honestly a really big problem.
    - JumpCrisscross 2y ago
      > honestly a really big problem Why? Every business is going to be where its customers are not to some degree. That’s just fundamental to trade and, like, hadrons.
      - inetknght 2y ago
        > Why? > > Every business is going to be where its customers are not to some degree. Every business should be prepared to deal with legal issues in whatever jurisdiction they're doing business in. Being incorporated somewhere else to avoid or prefer laws (such as taxes, or employment, or shareholders) is therefore reprehensible. If you go to a different state and break the laws there, you can't magically claim that a different state has jurisdiction just because that's where you were born. Alas, that's exactly what businesses seem to have and abuse.
        JumpCrisscross 2y ago
        > If you go to a different state and break the laws there, you can't magically claim that a different state has jurisdiction Yes. This is how it works. > that's exactly what businesses seem to have It really isn’t.
  - JumpCrisscross 2y ago
    > what goodies does Texas give out? Like the ones that Disney got? Yup. Texas gives out tax breaks and grants more freely than Nevada. Its governor and AG are also more powerful, which is nice if they’re on your side.
- sanxiyn 2y ago
  Immaterial. It's not like people live in Delaware, corps do.
  - JumpCrisscross 2y ago
    > It's not like people live in Delaware That’s the point. Musk and Mark are used to having influence. They don’t in Delaware because they don’t bring that much money to it and don’t control many votes. They have those things in Texas.
- echoangle 2y ago
  Does it matter where people want to live? Can’t you have all people working in Texas and still incorporate at your company mailbox in Delaware?
  - JumpCrisscross 2y ago
    > Can’t you have all people working in Texas and still incorporate at your company mailbox in Delaware? This doesn’t give you a seat at the table. Living in Texas, having a large number of employees who pay taxes and vote, that gains you influence with the legislators and governor. Not relevant for most companies. Important for Musk and Mark.
sidibe 2y ago
Texas isn't a good suggestion for everyone, they don't have any of the structures in place to compete with Delaware or Nevada, but if you're the right person Paxton will do everything in his power or not in his power to accommodate you so it's a no brainer

JumpCrisscross 2y ago

> why not Nevada? Texas gives out goodies. And fewer people want to live in Nevada than Texas.

dkjaudyeqooe 2y ago
A company's incorporation location has nothing to do with where it does business. And what goodies does Texas give out? Like the ones that Disney got?
- inetknght 2y ago
  > A company's incorporation location has nothing to do with where it does business. That's honestly a really big problem.
  - JumpCrisscross 2y ago
    > honestly a really big problem Why? Every business is going to be where its customers are not to some degree. That’s just fundamental to trade and, like, hadrons.
    - inetknght 2y ago
      > Why? > > Every business is going to be where its customers are not to some degree. Every business should be prepared to deal with legal issues in whatever jurisdiction they're doing business in. Being incorporated somewhere else to avoid or prefer laws (such as taxes, or employment, or shareholders) is therefore reprehensible. If you go to a different state and break the laws there, you can't magically claim that a different state has jurisdiction just because that's where you were born. Alas, that's exactly what businesses seem to have and abuse.
      - JumpCrisscross 2y ago
        > If you go to a different state and break the laws there, you can't magically claim that a different state has jurisdiction Yes. This is how it works. > that's exactly what businesses seem to have It really isn’t.
- JumpCrisscross 2y ago
  > what goodies does Texas give out? Like the ones that Disney got? Yup. Texas gives out tax breaks and grants more freely than Nevada. Its governor and AG are also more powerful, which is nice if they’re on your side.
sanxiyn 2y ago
Immaterial. It's not like people live in Delaware, corps do.
- JumpCrisscross 2y ago
  > It's not like people live in Delaware That’s the point. Musk and Mark are used to having influence. They don’t in Delaware because they don’t bring that much money to it and don’t control many votes. They have those things in Texas.
echoangle 2y ago
Does it matter where people want to live? Can’t you have all people working in Texas and still incorporate at your company mailbox in Delaware?
- JumpCrisscross 2y ago
  > Can’t you have all people working in Texas and still incorporate at your company mailbox in Delaware? This doesn’t give you a seat at the table. Living in Texas, having a large number of employees who pay taxes and vote, that gains you influence with the legislators and governor. Not relevant for most companies. Important for Musk and Mark.

sidibe 2y ago

Texas isn't a good suggestion for everyone, they don't have any of the structures in place to compete with Delaware or Nevada, but if you're the right person Paxton will do everything in his power or not in his power to accommodate you so it's a no brainer