LAS VEGAS (FOX5) — Fortune 500 corporations, some of America’s biggest companies, are moving to Nevada.
More than a dozen have changed their official addresses to the Silver State in recent years. But why? FOX5 went one-on-one with a UNLV law professor to find out.
“I’m incredibly optimistic about Nevada’s future. I decided that I want to spend the rest of my life in Nevada… I took and passed the Nevada Bar in February. Just because… I believe that there’s going to be more work for Nevada lawyers for business issues coming here,” shared Benjamin Edwards, Associate Dean for Faculty Development and Research at the William S. Boyd School of Law at UNLV.
Edwards, like a number of major American companies, now is betting big on Nevada.
“One of one of the most notable and significant is the world’s largest venture capital fund, Andreessen Horowitz… Fidelity National Financial is, you know, it’s huge entity… MSG Sports, MSG Entertainment… the Sphere… They’re paying for the privilege of using Nevada law and that’s generally good for us,” Edwards contended.
Edwards published his findings about corporations increasing ditching Delaware (home to the majority of Fortunate 500 companies) for Nevada, which he says offers a much safer bet with a potential savings in future court costs.
Nevada has taken significant steps in establishing a business court system making it easier to resolve business disputes.
“Generally, under Nevada law, you can look at the statute and understand what it means… Delaware gets about $2 billion a year from business/entity fees, franchise fees, all the sorts of special taxes… Right now, Nevada has been collecting somewhere in the neighborhood of $200 million… If we pick up a bigger share of the market, that’s potentially millions and millions of dollars to fund…. Public education… the justice system, law enforcement, all sorts of needs we have,” Edwards explained.
Earlier this year, the Chief Justice of the Nevada Supreme Court announced plans to pursue the creation of a dedicated business court in the state.
State lawmakers also took up the issue this summer and will do so again during the next legislative session.
Copyright 2025 KVVU. All rights reserved.
