FIN/370 ~ WEEK1 DQ4
Many Corporations have their charter in the state of Delaware. Why? The charter laws of Delaware are very favorable for Corporations. Many corporations have their charter in Delaware. The reason is the corporate tax laws in Delaware are very favorable for corporations.
Since the subject of shares is covered in this week’s reading; here is a little FYI on the stock market. Billions of shares are exchanged during the trading hours of the stock market; which is 9:30am to 4pm EST. The 2 major markets in the U.S. are the New York Stock Exchange and the NASDAQ.