Question

Tasty Subs is incorporated in Delaware. In bullet point form, list and explain the three advantages for Tasty Subs in being a Delaware corporation.

Answer 1

The advantages for Tasty Subs in being a Delaware corporation include tax benefits, flexible corporate laws, and expertise and reputation.

Step-by-step explanation:

The three advantages for Tasty Subs in being a Delaware corporation are:

1. Tax benefits: Delaware offers favorable tax benefits for corporations, including no state income tax for corporations that operate outside of Delaware.
2. Flexible corporate laws: Delaware has a well-established body of corporate laws that provide flexibility and protection for shareholders, making it easier to attract investors and conduct business.
3. Expertise and reputation: Delaware is known for its sophisticated and experienced judiciary system, which specializes in corporate and business law. This expertise and reputation attract many businesses to incorporate in Delaware.