Hmmm... (Community)

Hmmm... // Community

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jeiden

Apr 5, 2001, 1:11pm
Okay I know I remember posts in which several of the Old Timers (here longer
than me) would say that AWCOM was based in the Delware area.

Can't remember who said it but while renewing my world (and getting a couple
of errors on the form) I called up the number they have for if you have
questions. And found out that AWCOM is in Massachusetts with the servers in
Cambridge.

Reason I noticed this was cause they had the same area code as me :p

agent1

Apr 5, 2001, 7:18pm
But they are incorporated under Delaware law.

-Agent1



[View Quote]

datedman

Apr 5, 2001, 7:52pm
Many companies use Delaware to form a corporation for tax reasons or some shit. I think it's
because they don't have a state income tax, I forget...

[View Quote] > But they are incorporated under Delaware law.
>
> -Agent1
>
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wing

Apr 5, 2001, 9:42pm
Nah, it's just because nobody knows where Delaware IS.
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internal affairs

Apr 5, 2001, 9:59pm
It's sales tax, not income tax. They still pay income tax no matter what in
every state.


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j b e l l

Apr 5, 2001, 11:02pm
is it income tax they have? oh that's rigth.. cuz it's like "sales tax or property tax"

--
--
J B E L L
http://platinum.awjbell.com
G O I N G P L A T I N U M


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datedman

Apr 5, 2001, 11:25pm
Nope. There is no state income tax in Florida...

[View Quote] > It's sales tax, not income tax. They still pay income tax no matter what in
> every state.
>
[View Quote]

dabartender

Apr 6, 2001, 12:39am
Or Texas, or Illinois, or a couple of others...

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holistic1

Apr 6, 2001, 8:57am
<!doctype html public "-//w3c//dtd html 4.0 transitional//en">
<html>
Or Navada.
<p>Holistic1
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andras

Apr 6, 2001, 9:55am
[View Quote] Or NewHampshire (Live free or die!).

The reason for incorporating in Delaware is mutiple. Not only the tax issue but the incorporation law is the most liberal one. For example even in a public company the shareholders has much less power than the Board of Directors or the majority owner.

Andras

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