Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Many corporations incorporate in Delaware because: Delaware, unlike most other states, even permits the incorporation of businesses that have not yet started to operate. Delaware

image text in transcribed
Many corporations incorporate in Delaware because: Delaware, unlike most other states, even permits the incorporation of businesses that have not yet started to operate. Delaware laws ordinarily do not restrict the powers and actions of management. Delaware does not allow derivative suits. Delaware corporations need not pay state taxes. Delaware pays promoters a finder's fee

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting

Authors: Charles T Horngren, Gary L Sundem, William O Stratton, Howard D Teall, George Gekas

5th Canadian Edition

0131922688, 978-0131922686

More Books

Students also viewed these Accounting questions

Question

Appreciate important legal implications of performance appraisals

Answered: 1 week ago