One of the most common questions I’ve heard from people thinking about incorporating their business is, “Should I incorporate in Delaware? I’ve heard it’s better.” Typically, the individual doesn’t have any information beyond that, “I’ve heard it’s better,” but everyone seems to have heard that. So the question is, what’s the advantage of incorporating in Delaware, and is that a reason for you to do it?
While there are myriad potential advantages to incorporating in Delaware, the big one is probably not what you’d think: The Delaware Court of Chancery. [Read more…]