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Titan to Incorporate in Delaware

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TITAN INTERNATIONAL LOGOTitan International is urging its stockholders to approve the reincorporation of the company from the state of Illinois to the state of Delaware at its annual shareholders meeting on June 4.

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The company’s board of directors, according to Tyres & Accessories, has already unanimously approved the move.

Delaware’s business law is one of the most flexible in the U.S. as companies are not required to pay state corporate income tax if they don’t transact business there. Additionally, the state’s court system is also company-friendly – the Delaware Court of Chancery hears only business cases and does rely upon juries.

More than half of all public and Fortune 500 companies are incorporated in Delaware.

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