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by panda-giddiness
48 days ago
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Just to elaborate a bit: companies register in Delaware so that legal disputes will be resolved by the Delaware Court of Chancery [1]. Although there are more business-friendly states, the Court of Chancery draws from a much larger body of business-related case law than any other, making legal challenges more predictable. The purpose of registering in Delaware is not to avoid legal scrutiny altogether. Needless to say, this is categorically different from a company "moving" to Panama, without even maintaining a physical presence there, for the express purpose of avoiding American regulators. It's a false equivalence. --- [1] https://en.wikipedia.org/wiki/Delaware_Court_of_Chancery |
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