3 ms·

Such as? Best I could tell Delaware is still best state to incorporate. I’m extremely interested in contrary opinions and their basis.

yieldcrv 2y ago
Best for who? There are at least 54 other jurisdictions within the US alone that have incorporation statutes. Those legislatures and courts haven’t all sat still for the last 30 years, they compete directly with Delaware, other countries and each other. Delaware’s Court of Chancery, a business court, is replicated is some other states, Wyoming has one. Whether a jurisdiction has that or not, a huuuge benefit is that outside of Delaware you can relitigate cases and argue for the exact opposite outcome as to whatever case law Delaware judges are bound by. Back to the “for who” question, some things benefit your investors more than you. Its all a reading comprehension problem. Currently I like South Dakota for Trusts, Wyoming for LLCs, I still like Delaware for C-Corps, and Delaware for non-profit corporations I form LLCs the most
- JumpCrisscross 2y ago
  I live in Wyoming. If you want outside capital or sell your company, do a Delaware. There are economies of scale at every step that make it the vastly smarter choice. If you’re doing a small business, sure, do a local entity.
  - yieldcrv 2y ago
    I wrote > I still like Delaware for C-Corps I’m thinking the readership of this thread doesn’t realize that using Delaware for capital means using a C-Corp I’ve seen lots of lazy/broke/small entrepreneurs go with LLCs anywhere, but LLC anywhere isn’t using Delaware for what Delaware offers
    - JumpCrisscross 2y ago
      Most funds are LLCs or LPs. They’re almost always in Delaware. Non-Delaware U.S. funds trade at a discount. (International are B.V.I. or Cayman. For Europe, Luxembourg.)
      - yieldcrv 2y ago
        I was referring to entrepreneurs trying to take capital from the funds, they would form a c-corp
- loeg 2y ago
  > There are at least 54 other jurisdictions within the US alone that have incorporation statutes. Those legislatures and courts haven’t all sat still for the last 30 years, they compete directly with Delaware, other countries and each other. No other jurisdiction really competes with Delaware. It's got a robust body of case law and everyone knows what to expect.
  - yieldcrv 2y ago
    best for who still stands, and my entire post covered the aspect of its court and case law. there is an objective way to look at it
- positr0n 2y ago
  > a huuuge benefit is that outside of Delaware you can relitigate cases and argue for the exact opposite outcome as to whatever case law Delaware judges are bound by. How come this is a benefit? Unless you know ahead of time what conflict you are going to be in court about this seems 50/50 whether it will benefit you or the person suing you/being sued by you.
  - yieldcrv 2y ago
    Plan it out, much of case law is happenstance that has little to do with modern realities, in a court system less bound to another court system they’ll take a fresh look Your ability to plan it out most likely it won’t be on your first venture

yieldcrv 2y ago

Best for who? There are at least 54 other jurisdictions within the US alone that have incorporation statutes. Those legislatures and courts haven’t all sat still for the last 30 years, they compete directly with Delaware, other countries and each other. Delaware’s Court of Chancery, a business court, is replicated is some other states, Wyoming has one. Whether a jurisdiction has that or not, a huuuge benefit is that outside of Delaware you can relitigate cases and argue for the exact opposite outcome as to whatever case law Delaware judges are bound by. Back to the “for who” question, some things benefit your investors more than you. Its all a reading comprehension problem. Currently I like South Dakota for Trusts, Wyoming for LLCs, I still like Delaware for C-Corps, and Delaware for non-profit corporations I form LLCs the most

JumpCrisscross 2y ago
I live in Wyoming. If you want outside capital or sell your company, do a Delaware. There are economies of scale at every step that make it the vastly smarter choice. If you’re doing a small business, sure, do a local entity.
- yieldcrv 2y ago
  I wrote > I still like Delaware for C-Corps I’m thinking the readership of this thread doesn’t realize that using Delaware for capital means using a C-Corp I’ve seen lots of lazy/broke/small entrepreneurs go with LLCs anywhere, but LLC anywhere isn’t using Delaware for what Delaware offers
  - JumpCrisscross 2y ago
    Most funds are LLCs or LPs. They’re almost always in Delaware. Non-Delaware U.S. funds trade at a discount. (International are B.V.I. or Cayman. For Europe, Luxembourg.)
    - yieldcrv 2y ago
      I was referring to entrepreneurs trying to take capital from the funds, they would form a c-corp
loeg 2y ago
> There are at least 54 other jurisdictions within the US alone that have incorporation statutes. Those legislatures and courts haven’t all sat still for the last 30 years, they compete directly with Delaware, other countries and each other. No other jurisdiction really competes with Delaware. It's got a robust body of case law and everyone knows what to expect.
- yieldcrv 2y ago
  best for who still stands, and my entire post covered the aspect of its court and case law. there is an objective way to look at it
positr0n 2y ago
> a huuuge benefit is that outside of Delaware you can relitigate cases and argue for the exact opposite outcome as to whatever case law Delaware judges are bound by. How come this is a benefit? Unless you know ahead of time what conflict you are going to be in court about this seems 50/50 whether it will benefit you or the person suing you/being sued by you.
- yieldcrv 2y ago
  Plan it out, much of case law is happenstance that has little to do with modern realities, in a court system less bound to another court system they’ll take a fresh look Your ability to plan it out most likely it won’t be on your first venture