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Old 06-26-2005, 05:40 PM   #1
nofx
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why are most LLC's out of Delaware?

i'm sure there is a reason for this.

tax purposes?
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Old 06-26-2005, 05:42 PM   #2
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Take a look at the state website. May give you some ideas.
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Old 06-26-2005, 05:44 PM   #3
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Most corps and LLCs are based out of DE because of very liberal (ie., business friendly) corporate rules. Such corp rules involve shareholder suits and liberal leeway for 'business judgment' lawsuits. These rules don't help small corps as much as they help when these corps get big.
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Old 06-26-2005, 05:45 PM   #4
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Delaware treats me well. No reason to look elsewhere.
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Old 06-26-2005, 05:51 PM   #5
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Deleware is tax free...
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Old 06-26-2005, 06:07 PM   #6
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Quote:
Originally Posted by Lace
Deleware is tax free...
Not exactly true,

http://www.state.de.us/corp/frtax.shtml
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Old 06-26-2005, 06:15 PM   #7
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I think it's because you don't have to submit your ID or even live in the US to own one.
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