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<Low
franchise tax (minimum is $50)
<Officer,
Director, and Shareholder could be the same
person and could be a non-US-residents
<Personal
liability of Officers and Directors is limited
<No
Limits on where to keep Corporate books and
records
<No
minimum amount of capital is required
<Hostile
takeover laws are designed to protect
Shareholders
<Delaware
courts and legal system are well known for their
fair approach
<Dividends
to Shareholders are allowed
<Shareholders,
directors and/or committee members may act by
unanimous written consent in place of formal
meetings
<Different
kinds of Corporation may carry any lawful
business and more than one <Corporation
may fix quorum of board of directors -- not less
than one-third of the whole board; two if only
two shareholders; one if only one shareholder
<Voting
trusts and voting agreements may be created
<Generally,
stockholder liability is limited to stock held
in the corporation
<Delaware
law includes Close Corporation provisions<
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