Comment by lejalv
5 hours ago
Lets remind the purpose of incorporating in Delaware is legal tax evasion, so that we don't not have pensions, health insurance or anything nice, really.
Rename to Greedware.
5 hours ago
Lets remind the purpose of incorporating in Delaware is legal tax evasion, so that we don't not have pensions, health insurance or anything nice, really.
Rename to Greedware.
Investors usually expect that non-US founders incorporate in the US, and usually expect Delaware. There are other states that are more friendly to tax avoidance. Delaware is mostly preferred because it's a known quantity with mature regulation. Investors don't want to deal with dozens of different legal regimes, they want the one that they know about.
do you work on a cloudflare delaware-awareness project? Delawareness?
Nope, nothing like it. I'm an Astro maintainer and I work on web frameworks.
The primary purpose of incorporating in Delaware is less about taxes and more that Delaware is the "Silicon Valley" of corporate law - incredible concentration of professionals, infrastructure, and intangibles. Any dispute you have will generally be handled better, faster, and cheaper by Delaware courts than they would be anywhere else. I'll quote my good friend who is a startup M&A lawyer: "I'd go so far as to say that it would be managerial malpractice to incorporate anywhere other than Delaware."
No, it’s not. Companies have to pay taxes where they operate regardless of what state they incorporated in.
Stop spreading populist internet bullshit.
Incorporating in Delaware is like 95% about being in a predictable legal framework for any business related dispute imaginable.
Uhuh. And in other places, companies are incorporating in Ireland or Luxembourg or other similar tax evasion heavens because of the "predictable legal framework" too. Lol.
Right, and in other countries they have different laws. In the USA they also pay taxes where they operate. That's how it works.