Thursday, September 26, 2013
Susan C. Morse (Texas; Atax Fellow, University of New South Wales School of Taxation and Business Law) presents Startup Ltd.: Tax Planning and Initial Incorporation Location, 14 Fla Tax Rev. ___ (2014), today at the University of New South Wales School of Taxation and Business Law:
This Article analyzes the incorporation decisions of relatively new, U.S.-based private business enterprises with global ambitions. Such startup firms generally organize as U.S. corporations. This Article theorizes this dominant structure and its exceptions, drawing from prior literature and illustrating with informal interview results. It identifies explanatory factors including limited tax benefits of non-U.S. incorporation, legal benefits of U.S. incorporation, startups’ liquidity and other resource constraints, and investor preferences.