Why do corporations incorporate in the state of Delaware as well as their own states?

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Why do corporations incorporate in the state of Delaware as well as their own states?

2007-10-16 15:44:01 · 3 answers · asked by rare2findd 6 in Politics & Government ➔ Law & Ethics

Tigger.....stop answering when you have no answers..
and thank you the first answerers.

2007-10-16 16:01:34 · update #1

3 answers

DE is extremely friendly to corporations. One of the benefits is that you do NOT have to be a resident in DE to incorporate there. Most other states require residency. Also, DE is one of the major banking centers for the western hemisphere.

2007-10-16 16:02:06 · answer #1 · answered by cyanne2ak 7 · 0⤊ 0⤋

Because it's the law so they can do business within the State of Delaware

2007-10-16 22:52:16 · answer #2 · answered by Tigger 7 · 0⤊ 0⤋

there is no corporate tax in Delaware,.

2007-10-16 22:51:20 · answer #3 · answered by Anonymous · 1⤊ 0⤋