Does it really matter where you incorporate any more?
From what I understand (which may be wrong), most companies that incorporate as Delaware corporations, do so in part because DE has a solid business law system in place.
At the top of the complaint it shows that both defendants are incorporated in Delaware, yet whoever filed the complaint tried (and succeeded) in making a case for whatever goes down to take place in IL. Is that even reasonable?
While I'm sure it won't hurt TC or Loopt to take a road trip, if another startup wound up in a similar bind, I can definitely see the cost of fighting an out-of-state battle putting them over a barrel.
From what I understand (which may be wrong), most companies that incorporate as Delaware corporations, do so in part because DE has a solid business law system in place.
At the top of the complaint it shows that both defendants are incorporated in Delaware, yet whoever filed the complaint tried (and succeeded) in making a case for whatever goes down to take place in IL. Is that even reasonable?
While I'm sure it won't hurt TC or Loopt to take a road trip, if another startup wound up in a similar bind, I can definitely see the cost of fighting an out-of-state battle putting them over a barrel.