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Delaware is regarded as business friendly, investors like it (more so than eg:North Dakota). Investors means C-Corp.

You get to pay Delaware tax as well as registered foreign agent fees in your home state.

You also get to pay your home state tax.

It’s investor friendly, if you have investors.

If you are going the LLC route you are basically eschewing investors. Thus, this isn't an advantage.

Yes and no. LLCs can carry investors, and Delaware is an advantage to some. LLCs can be publicly traded.

The typical LLC has few or no investors (that are not managers or members), and it’s unusual for Delaware LLC law to provide much advantage over any other state in that case. YMMV.

> The typical LLC has few or no investors (that are not managers or members)

Members are the LLC analog of stockholders in a corporation; if there were equity investors (passive or not) in an LLC then they would, by definition, be members.

Yes, I structured that ambiguously. “...no investors that are not ... members” is true.

“Few...investors that are not ... members” is impossible, as you note.