Here's why more than 60% of Fortune 500 companies are incorporated in Delaware

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Delaware is the second-smallest state in the U.S. But it’s home to more than 60% of Fortune 500 companies, the state says. Watch the full video:

There may be some complications for small businesses hoping to call Delaware their legal home, though.

"[Delaware] has a lot of appeal for basically three main reasons: convenience, flexibility and predictability," Roey Gilberg, corporate counsel for LegalZoom, told CNBC. The court is "widely respected as an authority on business matters trusted by both business and legal communities, honestly, all over the world, as a place where the rules are well developed," Gilberg said.companies that went public in 2021 were registered in Delaware, according to the state.Cleanster.com, a platform for finding cleaning services for homes and short-term rentals, is incorporated in Delaware despite both co-founders being based in Montreal, Canada.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yes but hardly any of them do business there. They are only incorporated there for tax savings reasons. So what’s the point of this video?

Joe is the President of Delaware.

Plus Bidens take bribes for any foreign countries or corporations. Delaware is a corrupt cesspool.

First State = Diamond State.

NBCUniversal media LLC wrongful report Baiting Jiang, Baiting Jiang is suing NBCUniversal media LLC in Federal court. Baiting Jiang won appeal in 9th Circuit Court on March 17,2023 as a student without US attorney representing her, case no. 21-17029. Who believe NBC’s reports?

Join

“Home” doesn’t meant what you think it means.

Oh shocker it’s a tax shelter

I could’ve told you without the drama. Favorable taxes.

Delaware: Where state and corporate power go to get married.

DDSC 🤘🏽

They pay less taxes

I could have told you that. Hello, the President is out of DE.

Because Biden and the DC cronies use Delware laws to target the poor. Predatory lending by Delaware banks and Biden cronies sue the poor if they don't pay 20% interest layoffs

95% of the SVB depositors are covered by the FDIC insurance up to $250k per account. Remaining 5% know the rules & have taken the risk. Folk like Mark Cuban and Mr Wonderful should take their lumps. The Taxpayer should not fund the RICH... Again. Dems nationalizing the banks

I would say born there but don’t still live there.

america's very own principality of sealand

Delaware

the cayman islands north

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines