Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas::Billionaire Elon Musk justified the decision on the results of an unscientific poll run on his X account a day earlier.

  • M500@lemmy.ml
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    9 months ago

    I think it’s because Delaware has really lax laws on incorporating and a special court just for corporate stuff so legal issues can get sorted quickly.

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    Like in Delaware you can incorporate for like $500 a year and not even need to provide the names of the officers or ceo of the corporation.