I recently came across another publicly traded Delaware corporation with plans to reincorporate in Nevada. Interestingly, this corporation, Sonoma Pharmaceuticals, Inc., originally began as a California corporation and then reincorporated in...
Another Publicly Traded Delaware Corporation Propose Move To Nevada
Posted on July 25, 2024
California and Delaware Franchise Taxes Are Similar In Name Only
Posted on November 30, 2020
Recently, I came across a proxy statement filed a California corporation seeking shareholder approval to reincorporate in Delaware. In the midst of a lengthy disquisition on the pros and cons of reincorporation, the issuer noted that the franchise...
Valid Reasons May Exist For Reincorporating In Delaware, But This Isn't One Of Them
Posted on October 26, 2017
I am always interested in the reasons that corporations give when seeking approval to reincorporate from California to Delaware. One company in a recently filed proxy statement made the following claim (among others):