There was a big trial in Delaware state earlier this year with Disney shareholders challenging the company over it's hiring of Michael Ovitz. He was fired/resigned about a year later with $140 million in severance pay. I think the shareholders lost which is a shame.
The reason I mentioned this is someone asked me why the trial was being held in Delaware not in LA.
Technically the headquarters of the major Hollywood Studios are in Delaware because it has the lowest corporate taxes or something of that nature. Apparently there are rows of mailboxes that qualify as the headquarters of all these multi-billion dollar companies.
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I'm told to choose Delaware for incorporating for investment reasons. A "non managing" partner/ owner/... can pretty well do anything short of signing contracts personally and have no liability due to taking an active role in the day to day affairs of the business.
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