Reported 2 days ago
More companies are relocating their businesses from Delaware to Nevada, drawn by the latter's favorable corporate laws and a recent trend dubbed 'Dexit.' High-profile firms like Andreessen Horowitz have criticized Delaware's legal system, prompting a shift as investor support for Nevada reincorporations grows. This year alone, several firms have successfully voted to leave Delaware, with Nevada and Texas competing for businesses seeking new environments. While Delaware remains a dominant state for incorporation, it faces challenges as companies reassess their legal jurisdictions amidst changing corporate laws.
Source: YAHOO