Have you ever wondered why a lot startups and Fortune 500 businesses incorporate in Delaware? Yes? Well me too. It wasn’t until I started looking through a bunch of Form C’s did I realize that companies love to incorporate in the state of Delaware. The reason for that popular choice is because Delaware-incorporated businesses do not have to pay the state-imposed corporate income tax if they do not conduct business in the state. For more information on this fun fact, I suggest doing a deep dive after reading this.
I get really excited when I come across a startup that solves real problems. Especially problems that are easy to understand yet complex to solve. When the opportunity to invest in Firstbase.io arrived, I quickly knew that this is a company worth supporting. Here’s why: