ManicDDaily

Opportunity Knocks

Hey, and people thought the corporate law of Delaware was so great.

It aint nothing like Delaware Antarctic!

Hell, your Delaware Antarctic company can do just about any old thing. We calls ‘em “limiteds” but that’s only as it relates to liability, am I right?

And you can keep all your profits on ice!  Not a tax in sight!  Not even capital gains!

‘Course we’re only dealing with short-term gains right now, the whole damn thing so… fresh, you know what I mean?

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Diatribe of sorts for Brendan’s much more thoughtful prompt on Real Toads to write something stemming from planetary destruction.  Picture is mine, charcoal, chalk and oil pastels on paper, 2017, all rights reserved. 

Process note–Delaware is famous for the flexibility of its corporate law, making it a favorite jurisdiction in the U.S. and perhaps even the world for incorporation of companies.  Also, historically, there have been different U.S. tax rates for short-term and long-term capital gains.  Finally, of course, there’s that great big piece of ice now floating around.