On Sat, May 3, 2008 at 9:37 AM, Gerard Meijssen gerard.meijssen@gmail.com wrote:
Hoi, Countries in Europe have states too. Thanks, GerardM
I don't deny that, though I do wonder if we're using the same sense of the term "state". I don't mean to include mere administrative divisions.
US states have their own laws, their own income and sales taxes, and they each handle incorporation separately. In fact, a corporation which does business in more than one state has to keep separate accounting for each state and file as a foreign corporation in each state apart from the first. There are, as Sebastian questioned, significant legal, if not tax, advantages to having a separate organization in each state.