Currently sitting on lunch break at a big company in Delaware. Interesting to learn more about its laws!

@NazriB

Жыл бұрын

Lies again? Serie A Leader Soft Spoken

@thedishonestjeffsokol2489

Жыл бұрын

what did you have for lunch Tom?

@user-pe3tt7iu7g

10 ай бұрын

thanks for sharing Tom, very cool

Yes! As a former Delaware resident, explaining that the courts are the draw and not the taxes is so hard for people to get.

Delaware DOES have a state income tax. They don't have any SALES tax. Get it straight CNBC.

This channel is not normal, everything i read about literally a video is made about it straight away 😂. Keep it up.

@sheabrown

Жыл бұрын

Almost like CNBC is in with the folks that displayed you the article wherever you read it first

@viewtifullyvon6465

Жыл бұрын

Bro I was talking about corporate landlords one day and then credit cards a few days ago and came to find CNBC uploads the same days lol. It’s insane.

All these corporations I grew in Wilmington, DE it was a very dangerous city high poverty. The regular people never sees the benefits.

One of my companies does a lot of shipping with other companies and is registered in Delaware. This means that when I ship to/from another company the shipping laws (see FOB, etc.) are the same for both of us; we both know what to expect without having to investigate case law etc. Having common law is gold sometimes. However, all my taxes are paid in Missouri because we operate in Missouri.

@JohnDupuyCOMO

Жыл бұрын

(assuming the other company is registered in DE also. Many are.)

@Q_QQ_Q

Жыл бұрын

👍🏻

@TRUTHaintHATING

Жыл бұрын

You drive for prime inc?

I know that many people incorporate in Nevada for the anonymity. Many wealthy people with expensive exotic cars put their cars title in a Montana company with a Montana license plate. Most people starting small companies don't know that they can incorporate out of state. Or even out of the country. Thanks.

@LoftyGoalsPro

Жыл бұрын

Can you help me incorporate in delaware

Plus Delaware politicians follow corporations orders without questions.

Delaware resident here.

@ichagala4974

Жыл бұрын

very cool!

@zmm88

Жыл бұрын

Awesome!

@neanam

Жыл бұрын

Dover?

@taylorspastpresent1014

Жыл бұрын

Wilmington, Delaware….a ton of corporate buildings here in the city.

so Delaware in the 1970s GAMED THE SYSTEM and Still Today do this in 2023.

Have any of you been to the TOTAL WINE store (a HUGE liquor store which includes a wonderful cigar selection!) in Claymont, DE right by the border with Pennsylvania? Shopping there is even more fun because of the lack of sales tax! There also is a Home Depot next door, which is a nice bonus!

Sounds to me like this is a nice way of saying that they have laws that screw thr average American if they have a dispute with a big company.

Delaware also is where foreign businesses incorporate. Such as the Dutch Shult Rector otherwise known as the German Legal Aid Society a/k/a The Legal Aid Society.

They don't call Joe Biden "Credit Card Joe" for nothing 🤣

I always wondered this. Half the mail I get is usually from Delaware lol. Its a nice state I went there summer 2021, drove around stayed in Dover for a few days, went to a couple beaches. Had a nice burger from this chain restaurant (forgot the name), went to a popular casino near the nascar raceway. Calm state but wouldn’t want to live there longterm.

@LoftyGoalsPro

Жыл бұрын

Why

Middletown is blowing up due to all these workers from NJ, NY, CA and Philadelphia. ❤ (302)

It’s only 10% for the big guy, that’s pretty attractive for any bank.

@jdm1039

Жыл бұрын

Bullshyte

@SuburbanDMV

Жыл бұрын

@@jdm1039 You refer to them as a “lobbyist”

Spreading Delawareness

provide good service, and people, and companies are willing to pay the tax. funny how that works.

Hey Delaware, focus on getting rid of the freaking NO FAULT DIVORCE LAW. It's ridiculous to award unfaithful, loser spouses monetarily. In Delaware you can get well paid for adultery if you are the financially under performing spouse. Disgraceful.

Y’all should check out why Wyoming and South Dakota are bringing in a lot of business too

Well... now we know why MrBeast is interested

It may be good for businesses, but it sure ain’t good for job growth. I’m a Delaware resident here with a Bachelor’s in media design and I haven’t had an inch of luck in finding a decent position that benefits from the degree.

@CreatingAlong

Жыл бұрын

Also bad for employees. Delaware has the worst employee protection laws in the country.

@BlakeTedKord

Жыл бұрын

Also no availability of jobs due to lack of companies in DE...hell even in the main cities like Wilmington and Dover...too much competition...😞

@adamt1905

Жыл бұрын

Because you got a goofy ah degree

@TheUnitedDrills

Жыл бұрын

@@adamt1905😂

@perfectallycromulent

Жыл бұрын

um, yeah a small state that specializes in corporate regulation lacks job diversity, that's how the world works. i would think you would need to go to a place with a major media industry to get a decent job in media design. people gotta move for jobs, all those DE-residing corporate lawyers were not born there.

Canadian businesses incorporating in Delaware, thats some cheese 🫡

@darreldennis7115

Жыл бұрын

Alot of them lol. Famous example is Lululemon.

Merchant of Death also enjoyed the Delaware corporate loopholes.

It should be illegal for every state to conceal who their shareholders are! The Delaware legal industry and the corporate lobbyists will fight this tooth and nail, but we have to do this for the sake of income inequality and the people. Only when we are able to find the assets of the rich, are we able to properly tax the rich pay their fair share!

Finally Delaware gets some love !

@gustavoroedel950

Жыл бұрын

Love? It's a tax haven

Popular state to avoid paying taxes

Sioux Falls SD was before Delaware

The moving and shifting of US multionationals is a redicilous cost for the average US taxpayer in that specific state. I don't even understand why the US would allow these practices.

@St3v3NWL

Жыл бұрын

@@thisguyhere1 Because HQ of major corporations require substansial infrastructural investments, which are being payed by the taxpayer to build and maintain them. US internationals barely pay any tax.

@donotreplydumbpeople3866

Жыл бұрын

So.. let me get straight.. you can change your house and neighborhood if you want/need to, without think how that may effect you neighbors, but company’s cannot change they HQ?

@mvaraman

Жыл бұрын

@@thisguyhere1 remember the 2 billion tax credit Amazon asked NY to build their second headquarters there? Georgia gave it to them, now they suspended the construction.

@TheOOOOOOOOOOOOOOO

Жыл бұрын

​@@thisguyhere1 many sports team threaten to leave the city if the city/state does not help pay for their new stadiums

@jackli6592

Жыл бұрын

@@mvaraman building a headquarter has nothing to do with incorporating. u can register your business in any state, and build your headquarter or business in any state you want.

Next time I travel to the USA, I'll visit Delaware, just for kicks.

The next video should be about the silicon valley bank

some fortune 500 companies here in MN :)

I like how they squeezed shell corporations in as a subtext. They're great for business legal or not. If the incorporated businesses decided to leave, almost a third of tax revenue is gone. Makes sense to legalize sports gambling and marijuana to hedge those bets they will stay. Just in case.

💎

I will say 99% of business are "incorporated" in a building at W 12th St & Orange Sts the building isn't that big either

I love Dela 🎉

A rather "on the surface" report on Delaware. It's like saying people choose swiss banks because the swiss alps are nice and the government is stable, laws are predictable and the swiss franc is a security deposit. No you go to swiss banks because there are bank secrecy laws. And the same applies to Delaware. The State doesn't even know who is in charge of companies. There are more companies registred in Delaware than people. And this means it's a very nice place to incorporate your Cartell in some shell companies and launder your money. On top of that some favorable tax schemes which can be easely exploit so that you do not even pay taxes.

Sooooooo shell company money laundering farm.

It seems strange for me that other states and the federal government are okay with one small state attracting so many companies by undercutting the standards that are in place in other states. That reminds me of places like Monaco or Dubai which attract rich people by not having an income tax. We can't to anything against Monaco, but why would you tolerate such an unfair rival in your own country? Are states free to set their own rules? Consumer protection should always be prioritized. It should not be possible to create a company without legally liable people behind it. Otherwise you could just create ten companies and if one is sued for millions, you just let that one get bankrupt and still have the other nine.

@David-tp7mc

Жыл бұрын

states rights

@ibnyahud

19 күн бұрын

agree that other states should fight back and I think Delaware courts should face scrutiny in SCOTUS for overstepping their authority involving foreign entities but there are 10th amendment states rights but you are correct about this being not good in fact, it's a lot worse already than people think; ii allows a cesspit of criminal, deep state, adversarial foreign shell companies to avoid scrutiny

This is what i suspect from a misinformed corporate Loving network.

@LadyMJustice

Жыл бұрын

What,?????

Updating laws based on new experiences and new findings. Smart people. Our founding fathers were not necessarily smarter than us, they didn’t have a lot of information. Let’s be honest and stop with the nostalgia

and it's easier and faster to reach europe from delaware than from washington state

After the Tesla court case you can say goodbye to so many companies!

Evasion tax and fraud

@Viviko

Жыл бұрын

It’s not fraud. Totally legal.

@Domspun

Жыл бұрын

@@Viviko yes, but it is evading and defrauding the state where you REALLY operate. Like incorporating in the Bahamas, legal, but you're not paying taxes in your country of operation.

@mytravls

Жыл бұрын

All legal.

@4.0gpa44

Жыл бұрын

​@@Domspun You actually have to get a foreign certificate of registration in your state regardless of where you incorporated if you incorporated out of state. It doesn't help you avoid that.

@Domspun

Жыл бұрын

@@4.0gpa44 My point is while it is legal, it may be immoral or we can also question if it is being a good corporate citizen.

Anonymous shareholding is the biggiest advantage of Delaware.

@10010error

Жыл бұрын

What’s that?

10 percent for the big guy!

@B86432

Жыл бұрын

​@T B the 10% is from you ........fail harder sheep ....pay more have less wokie

@jdm1039

Жыл бұрын

Beau Biden - 2 month old baby troll account

Isn’t CVS Headquartered in RI? 2:20

@alfredolumba7936

Жыл бұрын

Yes but it’s legally incorporated in Delaware so they can access their unique court system and protection of their more favorable business laws. A lot of companies do that

And 'brotherly love' is just up the creek for the founding Daddy.

JAK

No nexus required?

Wyoming has a chancery court

Let’s say you make money in PA do you pay pa tax or DE if u have a llc in DE

@lafq

Жыл бұрын

It depends, but probably Pa for that Pa-sourced income

One of the reason the taxs are low low and the gays are there they own a lot of shops

I live in London, England and my company is registered here. It is a global business would it benefit me to incorporate in Delaware? Primarily I need to secure funding.

@Rust_Rust_Rust

Жыл бұрын

Incorporate in Delaware then

@eXclusive1

Жыл бұрын

@@Rust_Rust_Rust This is what I am thinking- the traction and appetite for investment is a lot stronger in the US.

Evasion and LOOPHOLE

Not anymore, Tesla just started the move!

Hunter Biden's laptop loves Las Vegas

i watched the video and didnt understand why delaware....

@eliu868

Жыл бұрын

1) Delaware has relatively lax laws about corporate management, giving the board a ton of power and autonomy. This may come as at the expense of employees, investors, and other stakeholders in the company. 2) People are familiar with Delaware law, and it takes effort to learn about the laws in other states. 3) Unique court system specifically for corporations allow legal disputes to be resolved more rapidly and possibly more favorably for the companies. 4) History and precedent, as well as a reputation for being business friendly

Good video but you really framed limited liability in a negative context. Address both sides of it next time.

@TheOOOOOOOOOOOOOOO

Жыл бұрын

I tried looking up the positives. I couldn't find anything that would be beneficial for the average taxpayer. Can you elaborate on what exactly are the positives that come with limited liability?

Nice

Delaware does have income tax we don’t have sales tax

But you don’t pay Delaware franchise fee unless you do business in Delaware…..

Dark Biden approved

Delaware will let credit card companies stay there with unscrupulous practices, a labor pool made servants to high cost of living, corporations love when you have to be employed and cannot afford to be in between jobs to find a better job

I feel like this video didn't explain anything.

not anymore

Damn, Joe Biden really does live rent-free in people’s minds 😂

@aenews132

Жыл бұрын

because he suks

@brich2929

Жыл бұрын

FJB

Vinfen!!

Texas is the place to be for tax breaks Unfortunately too many people from California are moving here

❤

Unless you're a huge corporation it is a really gross place

not until tesla and spacex moved out. many will follow.

The banks won’t fail- the federal reserve

All this sounds like a way for fat cats to stack the deck against their customers. Delware should be protecting the average joe not the average CEO

Wait. That's a state? I thought that was a town in Maine or was it a Stephen King book I read the word from?

Delaware is not what it used to be, look at the Tesla legal issues which would never have been overturned on Texas. Expect some large companies to start to move away from Delaware!

Taxes.

Which one is better delaware or wyoming LLC?

yes and...the court of chancery forced Elon to buy twitter when he tried to weasel out of it

Deleware is a step away from being the Cayman Islands!

@zachhoward9099

Ай бұрын

It more or less is just with the benefit of being an American state

@michaelellringer5600

12 күн бұрын

Far worse!

😮

no they don’t

Chrony state with pro crony residents and Pro crony rules, no thanks

@jkardez4794

Жыл бұрын

A crooked enterprise.

This hasn't aged well >.>

Remember when Biden bragged about his home state being a tax haven?

@michaelellringer5600

12 күн бұрын

And remember Trump campaigning in Delaware and saying: I love Delaware! I have 538 companies registered here!

I wouldn't put my business in a blue state even if they paid me. Especially after the mess happening with SVB in California..

@2.5chainz

Жыл бұрын

cringe

You not Canadian

@JOn87_STRONG

Жыл бұрын

Made in congo

Wow imagine that. A video praising Joe Bidens home state

Didn't age well.

#Delawarecourt81 don’t do business in Delaware.

If that's so attractive then why Elon Musk haven't moved there Headquartered of Tesla instead of moving to Texas?

@elizabethsohler6516

Жыл бұрын

Ask him.

@2.5chainz

Жыл бұрын

where an llc is incorporated and where its headquartered are two completely separate things…

@thiagolucas893

Жыл бұрын

Both Tesla and Twitter are incorporated in Delaware

@Domspun

Жыл бұрын

@@thiagolucas893 Burn!

@IgorDutchyn

Жыл бұрын

@@thiagolucas893 😉

Joe Biden

Black woman with a Caribbean accent: i'M cAnAdIaN 🤡🤡🤡

@JOn87_STRONG

Жыл бұрын

More like congo

@zachhoward9099

Ай бұрын

That’s the globalists for you

Hey CNBC I think of getting afford better-looking reporters! Not the dump truck to used for this one

@bquietson

Жыл бұрын

There's an upcoming recession, maybe they are keeping an eye on costs. Haha.

Bl@ck ceo ewww 🙄😒🙄🙄

TAX ADVANTAGES. There I just saved you 12 min of your life