Friday, July 31, 2015 10:33:26 AM
To give an example:
Nestle is one of the largest companies in the world based in Switzerland Vevey.
Registered in the State of Delaware and as you can see "Domestic"
and they have as well an Agent. And if Nestle as a foreign Company can be registered as DOMESTIC I would then assume, the same Registration fits for DECN
As a matter of fact, a Company would not Need an Agent it is like Cloud computing; You dont Need it but you never know.
And to give an Explanation with reference to domestic of foreign:
I could tell you why somebody takes an Agent but the this would open the door for endless debates.
But again to explain the meaning of Domestic and Foreign:
Domestic means that this entity is Domiciled in Delaware (Nestle) or Nevada (DECN(
Foreign means that this entity is domiciled in another jurisdiction but registered/qualified to do business in Delaware(Nestle) or Nevada (DECN)
In legal Terms: The home state where the entity resides. But entity or Body is not the pysical presence like the Office.
Everybody knows this when studying the tax-heavens of companies and why there is difference between the physical Body and the corporation Body.
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