Short Answer:

1. Angelica is planning to start a home security business in McGehee, Arkansas. She plans to start modestly but hopes to expand her business within five years to neighboring towns and, perhaps, within 10 years, to neighboring states. Her inclination is to incorporate her business in Delaware. Is her inclination correct?

2. Review the rules regarding repeated bankruptcy filings. What are the rules? Are they too onerous, too lenient, or just right?

3. Look on the Internet for Maine's rules on exempt property. Compared with other states and the federal government, is Maine generous or stingy with exemptions? Why should someone in one state fare better than his neighbor across the state line?