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Buying Your Tax Haven CorporationBy William CatePublished March 1998[http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]Your purpose in buying your tax haven corporation determines yourincorporation and maintenance costs. You can buy a new car, without anengine. It'll cost less than a new car that works to your satisfaction.The most common reason that Americans buy a tax haven corporationis to impress people. They want to park their new engineless car in
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Simply put, a corporation is a form of business entity. You probably already know this, so this article delves into a few of the particulars.Separate EntityFor legal purposes, a corporation is considered a separate legal entity from those forming it. Although it is not a living person, a corporation generally has the same rights. It can own property, enter contracts and claim constitutional rights. Unluckily,
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Delaware's business friendly government with its modern laws, suitably complemented by the Court of Chancery makes Delaware the ideal place for any business to incorporate. Delaware incorporation is definitely much easier and beneficial for businesses when compared to the other states, because of all these contributing factors.
With so many favorable factors, Delaware has definitely had its share of the business pie, being home to more
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