Can I Sign Delaware Banking Form

Incorporate company permit

hello everybody so glad to see you I'm Aiden Kramer with the law office of Aiden Kramer in Colorado and you're watching all up and you business okay it's so exciting so it's pretty common general knowledge that a lot of businesses form in Delaware under Delaware law there are really good reasons for many businesses to form in Delaware so a lot of big businesses started forming in Delaware to take advantage of the benefits that it provides and then a lot of other smaller companies started catching on seeing that well if these big businesses are doing it then we probably should - it seems like a great choice for everybody and while that might be the case for some businesses most businesses aren't really going to experience a whole lot of benefit from forming under Delaware law so in this episode I'm going to talk about why so many companies form in Delaware and the pros and cons of doing it and to help you decide if maybe you should file in Delaware or if it might just be a waste of money in time so Delaware as a state is pretty business friendly its statutes and laws related to businesses are written to give businesses a lot of freedom freedom in how they operate the business freedom in their transactions with shareholders and investors and that's a big reason why a lot of companies forum in Delaware is to take advantage of those business friendly laws another benefit that Delaware provides is with its court system when there's an issue that comes up in the court system concerning a business shareholder disagreements owner disagreements things like that a judge what they call a Chancellor a judge makes the decision in court rather than in a lot of states where it's a jury who will make decisions so businesses prefer to have judges these Chancellor's deciding the outcome of the courts because obviously they're experienced they're knowledgeable about the laws and they've made decisions like this before and they know how you follow precedent of the legal system and the decisions that they've made whereas with a jury it's non-lawyers non judges non legal professionals in many cases who are making these decisions so businesses often feel more comfortable that they're having a judge decide the outcome of a trial rather than a jury another benefit of forming under Delaware law is that Delaware doesn't impose any income tax on businesses that operate outside of the state so for many businesses that break in income tax is beneficial and helps them save a lot of money that they would otherwise oh if they were formed under a different state and then finally just in general investors and business professionals are more comfortable typically with Delaware there's a long history of legal precedent businesses have been operating in Delaware for a long time so if venture capitalists are going to be investing a large amount in a business...