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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST
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To: Hunter who wrote (23256)1/19/1999 7:20:00 PM
From: ColleenB  Read Replies (1) of 43774
 
The principal reason many corporations incorporate in Delaware is that, due to the number of cases that have been litigated in the Delaware courts, Delaware has a highly developed body of case law in the areas of corporate law and securities. This provides a good degree of predictability should a dispute arise. Most other states do not have a comparable body of precedent. No one wants to bring a case of first impression when their company lies in the balance.

while this statement of your might be true, it doesn't tell the whole story...... bottom line is Delaware is corporate friendly

A Delaware director shield law permits Delaware corporations to shelter their directors, liberally, from personal liability in connection with their actions as board members.

Delaware permits S corporations, which, with the federal tax laws of 1986, can be very advantageous (see below).

As of October 1, 1992, Delaware recognizes Limited Liability Companies (LLCs), and you may form an LLC in Delaware. LLCs combine the best aspects of the corporation and the limited partnership. This form of organization protects individuals from liability (as does a corporation) and allows the participant to write off losses and actualize gains (as does a limited partnership). LLCs do not have as many restrictions as S corporations.

delbusinc.com

I also started reading about S Corporations... and hoooo boy
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