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The Nevada legislature has tried to make Nevada an attractive alternative to Delaware as a state for incorporation. In many instances, it has tried to "out Delaware" Delaware. Disputes over the internal affairs of Nevada corporations are usually filed in the Nevada District Courts , from which judgments can be appealed to the Supreme Court of ...
“Never incorporate in Delaware,” Musk posted on Tuesday to his social media site, X (formerly Twitter), before adding he recommended Nevada or Texas “if you prefer shareholders to decide ...
Delaware itself became popular as an arbitrage on jurisdictions with higher taxes and tougher rules. It allows companies to easily incorporate without the fuss of having to do business there.
Thus the corporation is a domestic corporation in Delaware or Nevada, and is a foreign corporation in any other state (or country) with which it registers. While there may be tax benefits as a result of choosing where a corporation's domestic jurisdiction is located, registering as a foreign corporation in another state can create new tax ...
Most large corporations have historically chosen to incorporate in Delaware, even though they operate nationally, and may have little or no business in Delaware itself. The extent to which corporations should have the same rights as real people is controversial, particularly when it comes to the fundamental rights found in the United States ...
“Never incorporate your company in the state of Delaware,” Musk posted on X in January. “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters,” he said ...
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