Too Long; Didn't Read
Delaware is overrated and there are cheaper, faster and better places to put your company. Most people can’t read and the people that read for them are lazy. Delaware has the business-friendly court and case law, but other places don't have the same. The state passed stricter transparency laws that allow private securities holders such as employees to demand financial information. A “Panama company” is formed with the national government of Panama, not a state or provincial government like Bocos del Toros.