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[–] fuckinghell 0 points 23 points (+23|-0) ago 

I think the article mentioned only 441 companies this would apply to.

Think about that, in a state with one of the largest economies in the world, only 441 publicly traded companies.

Soon to be far less, I'm sure.

[–] Alopix 0 points 9 points (+9|-0) ago 

They give explicit exceptions to all the powerful corporations so they'll stay, and this purely becomes a barrier to their smaller competitors.

[–] fuckinghell 0 points 4 points (+4|-0) ago 

It seems most regulations are intended to work this way.

Very sad.

[–] viperguy [S] 2 points 2 points (+4|-2) ago  (edited ago)

Correct, hundreds of thousands of "california leaning" incorporate (or used to) in Las Vegas (until 6 years ago), Delaware (historic), Wyoming (nowadays).

Today, there are 1.7 million traditional C corporations, compared to 7.4 million partnerships and S corporations, and 23 million sole proprietorships.

All flee or never were goddamned fucking california paper companies. Its these tranny laws and others that cause it.

This includes every california "startup" in the last 20 years. None start in california. They do have to heed all california taxes, payroll, licensing, filings etc... but they and even their bank accounts are out of state, and their stock ledger table is "momentarily" within california.

[–] Goatonamountain 0 points 3 points (+3|-0) ago 

It'll boost the economies of other states. Win win

[–] speedisavirus 0 points 0 points (+0|-0) ago 

Yup. Almost all of them are registered in those three places and have little more than a post office in those states. Banks are slightly the exception these days. Almost all of them have large offices in Delaware including a lot of engineering workers. They pay insanely well compared to local cost of living too. I am seeing $76+ per hour contracting roles with the banks there and it's quite cheap there to live.