Question about Delaware corporate laws

[viper37]

What is so different there than from the rest of North America?

Apparently, lots of American and Canadian companies incorporate themselves in Deleware, and their main reason is the legal system there, not the apparent tax heaven.

[The Brain]

"Dela" in Swedish means "share".

[ulmont]

What is so different there than from the rest of North America?

Apparently, lots of American and Canadian companies incorporate themselves in Deleware, and their main reason is the legal system there, not the apparent tax heaven.

Really fast business-friendly court for disputes, judge only, with a lot of expertise in esoteric business bullshit:
http://courts.delaware.gov/chancery/

Also the ability to structure the bylaws in anti-shareholder ways and the income tax bits.

[crazy canuck]

What is so different there than from the rest of North America?

Apparently, lots of American and Canadian companies incorporate themselves in Deleware, and their main reason is the legal system there, not the apparent tax heaven.

Really fast business-friendly court for disputes, judge only, with a lot of expertise in esoteric business bullshit:
http://courts.delaware.gov/chancery/

Also the ability to structure the bylaws in anti-shareholder ways and the income tax bits.

Yep

[The Minsky Moment]

Also the ability to structure the bylaws in anti-shareholder ways and the income tax bits.

That used to be more significant and now is less so. (both b/c Del has become more shareholder friendly and other states have provided similar flexibility)

Perceived professionalism and experise of the judiciary, perceived predictability due to thick case law (important in CL jurisdiction) and relative speed and flexibility of the judicial system is more important.

[Caliga]

My company is incorporated in Delaware too.

[CountDeMoney]

When I started my own bail bonds company with the assistance of my old bail bonds employer, it was incorporated in Delaware. 
There were only two corporate officers; I was the non-voting one. 

[Grey Fox]

My company is incorporated in Delaware too.

Teledyne is also incorporated in Delaware.

[alfred russel]

Also the ability to structure the bylaws in anti-shareholder ways

Bah.

[viper37]

Also the ability to structure the bylaws in anti-shareholder ways and the income tax bits.

Excuse me, but what are "bylaws" ?

[Martinus]

Also the ability to structure the bylaws in anti-shareholder ways and the income tax bits.

Excuse me, but what are "bylaws" ?

In my lingo, lower ranking constitutional documents ("rules and regulations"), that are usually subordinate to statutes and articles of association, but it is possible that ulmont uses it just to mean any constitutional documents of the company.

Essentially a document or set of documents that set out the company's governance principles.

[ulmont]

Also the ability to structure the bylaws in anti-shareholder ways and the income tax bits.

Excuse me, but what are "bylaws" ?

In my lingo, lower ranking constitutional documents ("rules and regulations"), that are usually subordinate to statutes and articles of association

This.  Usually articles of incorporation will be very vague "formed for all legal purposes," etc. etc., and then the details of how the company will be organized are in the bylaws.

[Admiral Yi]

It's an abbreviation of "by the way laws."