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

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.mlEnglish
    2·
    11 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.

    edit

    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.