Delaware corporation

Okay kiddo, so a Delaware corporation is like a special kind of club that grown-ups create so they can do business together.

When they create this club, they have to follow specific rules written down in a big book called the "Certificate of Incorporation", which is like the rulebook for the club.

Now, why is it called a Delaware corporation? Well, Delaware is just the name of a state in the USA where lots of grown-ups like to create their clubs because the state has really friendly laws for businesses.

So, when a group of grown-ups want to create a club for their business, they may choose to make it a Delaware corporation because the state's laws make it easier for them to do business and protect themselves from getting into trouble.

And that's pretty much it, buddy. Hope you enjoyed learning about Delaware corporations!