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Situation Am an operating partner to a couple of companies all held by the same corporate group. Am paid on a 1099 basis (but have yet to receive compensation). Originally, I set up a Delaware LLC with office location in Washington State to protect myself. I am presented to the outside world as...

I am a California resident and have a choice of having a promissory note written under New York law or California law. I doubt it will go into litigation but if it ever did, what are the pros and cons of one state versus another? I think California would be far more convenient for me. The...