What state is your note entity formed in and why?

[Nathan Estochen]

Curious about where people have formed their entities and why.

Thanks!

[Dave Van Horn]

Delaware - for many reasons, but to put it simply it's really because it's a corporate, tax, and banking friendly state.  Almost half of the publicly traded companies in the US are incorporated in Delaware, as are many major banks.

Delaware’s tax laws allow corporations to be taxed at a low rate in Delaware and avoid higher taxes in their home states. They also don't collect corporate taxes from Delaware corporations that do not do business in the state.

Their corporation law is the most advanced in the nation and unlike other places, it has a separate Court that hears cases involving corporate law.

Also, with all their experience and know-how, you can actually form a corporation more quickly in Delaware than in just about any other state.

Hope this helps!

Best,

Dave