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  Delaware is widely regarded as having strong protections against personal liability for corporations. Some advisors say Nevada has better protection against personal liability. This is arguably true, but the differences are very unlikely to be relevant to founders trying to build a legitimate business. Some people have also observed that Nevada has an adverse selection problem in that their unusually strong protections attract bad actors. As a result, it's possible that if you incorporate in Nevada, you'll be inviting closer scrutiny.

dfajgljsldkjag•17m ago

The example about the founder losing a hundred million dollars to taxes is painful to read. It makes sense why Cayman is becoming the standard now that big investors are accepting it. The old default of opening a Delaware C Corp seems like a huge trap for Latin American companies.