[Solved] Which state has more corporate entities than residents?

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Which state has more corporate entities than residents?

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Available options for (or Explanation) Which state has more corporate entities than residents? are:

…1. Washington 2. Maryland 3. Vermont 4. Delaware

The correct answer is Delaware – More than 50% of publicly traded U.S. companies — from Google to Coca-Cola to Bank of America — are incorporated in Delaware due to the state’s business-friendly laws, courts, and tax policies. In all, the state is home to over 1 million businesses, compared to its population of approximately 970,000 people. Tax experts say this is because Delaware acts as a tax haven, allowing companies to avoid state income tax, avoid liability, and retain privacy. The state also has a special business court established in 1792, the Court of Chancery, to rule on corporate law disputes without juries — only with judges that specialize in corporate law.:

Answer of the Which state has more corporate entities than residents? is

Delaware – More than 50% of publicly traded U.S. companies — from Google to Coca-Cola to Bank of America — are incorporated in Delaware due to the state’s business-friendly laws, courts, and tax policies. In all, the state is home to over 1 million businesses, compared to its population of approximately 970,000 people. Tax experts say this is because Delaware acts as a tax haven, allowing companies to avoid state income tax, avoid liability, and retain privacy. The state also has a special business court established in 1792, the Court of Chancery, to rule on corporate law disputes without juries — only with judges that specialize in corporate law.:

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Answer of Which state has more corporate entities than residents? was first published on insureinsurancelife.com on 2022-05-16 19:09:00

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