Discussion»Statements»Rosie's Corner» The Donald John has 378 companies registered in Delaware. Why? Do they all OPERATE in Delaware? Does he own a home there in Delaware?
Legal doesn't make it moral Spunky. Thank you for your reply and Happy Thursday. 378 companies? All on the up and up? I doubt it. They are probably mostly shell companies designed to hide information and cheat on taxes by making the companies offshore. I find nothing Trump does is moral. There is always a nefarious angle there somewhere. Maybe he doesn't break the letter of the law every single time but he tramples to smithereens the spirit of the law. He has broken The Constitution and he doesn't give a rat's a**. All because he is a greedy evil entity and wants more money and more and more and more. He is getting away with it every day in every way because he can. :(
Setting up a company legally is fine. If the company then goes on to be used to hide information or skirt the law, then it's illegal. You would be amazed at how many large companies do this.
...the majority of Fortune 500 companies, more than 60% actually, have chosen to incorporate in the small state of Delaware. Why are more than 75% of all new initial public offerings in the U.S. done by companies incorporated in Delaware, a state with fewer than 1 million residents? Why is Delaware able to generate more than 25% of its general fund revenue from the incorporation business? And why have other states been unable to steal this business away from Delaware?
Delaware has very corporation-friendly law. If you pay attention you would be shocked at how many of the country's corporations are Delaware corporations. Nevada and Wyoming are close behind.
There are two major reasons for Delaware’s dominance of the corporate incorporation business. One reason is the bi-partisan political consensus in Delaware to keep the Delaware corporation statute modern and up-to-date, and to rely on Delaware’s corporate law specialists for advice in how to do this. As a result, law students at every law school in the United States study the Delaware corporation statute and the decisions of Delaware courts interpreting that law.
The other major reason corporations choose to incorporate in Delaware is the quality of Delaware courts and judges. Delaware has a special court, the Court of Chancery, to rule on corporate law disputes without juries. Corporate cases do not get stuck on dockets behind the multitude of non-corporate cases. Instead, Delaware corporations can expect their legal disputes to be addressed promptly and expertly by judges who specialize in corporate law.
Thank you for your reply and Happy Friday tom. It seems very fishy/phony baloney/borderline criminal to me. Like offshore accounts and money laundering. Shady folks doing shady things to cheat or remain anonymous or whatever. I'm just sayin' . :(
SpunkySenior 