When people start thinking about incorporating a company outside of their home state, often the two most popular states considered for incorporation are Delaware and Nevada. Although many people believe Nevada is just as corporate-friendly as Delaware, that is simply not true.
The infographic below illustrates how much more supportive of corporate entities Delaware is, and reveals the myth of incorporating in Nevada.
You can read more about why so many companies incorporate in Delaware.
THE AUTHOR OF THIS BLOG ARTICLE IS NOT A LAWYER AND HARVARD BUSINESS SERVICES, INC. IS NOT A LAW FIRM. THE ARTICLE ABOVE IS NOT INTENDED AS LEGAL ADVICE AND SHOULD NOT BE TAKEN AS LEGAL ADVICE. THIS SHORT ARTICLE IS STRICTLY TO MENTION SOME ASPECTS OF DELAWARE’S CORPORATION LAWS AND/OR LAWS RELATING TO OTHER FORMS OF ENTITIES WHICH YOU MAY NOT BE FAMILIAR WITH. WE RECOMMEND THAT YOU CONSULT WITH A LAWYER BEFORE FORMULATING A STRATEGY WHICH WILL BE SUITABLE FOR YOUR SPECIFIC CASE.