logoalt Hacker News

lejalvtoday at 6:58 AM2 repliesview on HN

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.


Replies

ascorbictoday at 7:04 AM

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.

show 1 reply
pembrooktoday at 7:39 AM

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.

show 1 reply