Most large corporations are incorporated in New York because of its favorable tax treatment of corporate income and its statutes protecting the rights of its owners.

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While New York does have relatively favorable tax treatment of corporate income, the main reason corporations are incorporated there is because it's the financial capital of the United States and home to the New York Stock Exchange. Additionally, the state has a well-developed legal system that offers strong protection to corporate owners.

Most Large Corporations Are Incorporated in New York Because of Its