22 May 2013

Delaware not a Business-Friendly State

Once A Friendly Locale To Business, The Modern State Of Delaware Is A Bully - Forbes: " . . . . If Delaware doesn’t reform this broken system, it may very well be replaced by up-and-coming states that value business.  For example, states like Nevada are erecting highly business friendly regimes across the board, based on low taxation and strong corporate liability rules.  Nevada in particular is examining changes like a business-to-business exemption that would dramatically improve unclaimed property administration.  Ultimately, Delaware must decide whether it cherishes its hard-earned reputation as the state for incorporation – because once supplanted, it will be hard to get that reputation back. - Douglas L. Lindholm is President & Executive Director of the Council On State Taxation (COST)" (read more at link above)

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