Why do so many companies incorporate in Delaware?

Re:Why do so many companies incorporate in Delaware? by itake on Sunday April 11, 2021 @10:55AM (#26770738)

Members nor Managers are not listed with the state

My main issue with out-of-state LLCs though is you typically have to file in whatever state you're operating/living in as a foreign LLC, so you end up with double the paperwork and filing requirements.

IMHO its better, especially for sole-proprietor / pass-through LLCs to just register in whatever state you're living in.

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Re:Why do so many companies incorporate in Delaware? by arjawn on Sunday April 11, 2021 @11:38AM (#26771041)

100% not worth the headache so better to file in the state you "do business in" = home state!

But as an international resident world is your oyster and you can choose any state :)

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Re:Why do so many companies incorporate in Delaware? by IncRnd on Sunday April 11, 2021 @12:22PM (#26771444)

> 100% not worth the headache so better to file in the state you "do business in" = home state!

This is only true until someone attempts to sue for a triviality. Most companies get sued at some point in time. This is why such a service is of value.

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Re:Why do so many companies incorporate in Delaware? by arjawn on Sunday April 11, 2021 @12:55PM (#26771731)

Ah if you are getting sued most formation services won't provide / cant provide "official legal counsel" so you will need a lawyer for that

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Re:Why do so many companies incorporate in Delaware? by IncRnd on Sunday April 11, 2021 @05:18PM (#26773538)

Correct! I was referring to the disclosures of corporate officers not made by Delaware.

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