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As my post says, some other jurisdictions have chancery courts just like Delaware, which means getting quick access to a business only court, and quick generati
by yieldcrv 3y ago
As my post says, some other jurisdictions have chancery courts just like Delaware, which means getting quick access to a business only court, and quick generation of case law.
But I think you - and most others that repeat that cookie cutter advice - are still missing the opportunity. Being able to get a competent court trial for something weird is absolutely valuable, but if you don't like the case law in Delaware you can literally argue for the opposite result in another state. Calculate the risk (and be good at math)
To me, that's a really fine reason to not use Delaware, for a fresh slate. You can shape the world, or craft a slice of it that suits you.
I agree with you that there are less service providers in other states. And they don't get as much action and have less reason to be competent too. My primary point still stands, most people don't need Delaware, most people never need those other service providers, never need a state court. If they ever get big and complex they're still most likely going to be in federal jurisdiction anyway - or have the option of moving a case to federal jurisdiction. Random entrepreneurs and placeholder company creators need a registered agent and that's it.