InvestorsHub Logo

Paulness

12/12/14 11:39 PM

#9007 RE: ShizlDizl #9006

I see what you mean.

Delaware has pretty good limitations of liability for corporation officers and directors and LLC members and managers.

Delaware has a court system called 'The Court of Chancery' that is completely unique to the state. It specializes in settling corporate disputes. The court is made up of a Chancellor and four Vice Chancellors that act as mediators. The system is popular with business organizations, and is the MAIN reason big corporations want to incorporate in Delaware. There is so much case history that companies can really understand the outcomes of their business decisions if they ever end up in court in Delaware. The Delaware Chancery Court is so stable that two well-experienced Delaware lawyers representing two sides of a dispute probably know with a lot of certainty how a dispute will end up before it gets very far down the legal road.