Delaware is famed to be the “incorporation capital” of America – more than 60% of Fortune 500 companies are incorporated in Delaware. According to Delaware Department of State, Division of Corporation’s 2006 Annual Report the number of active business entities in Delaware has grown 50% in the last six years to a total of more than 765,000. In 2006, Delaware welcomed more than 145,000 new businesses.
The reason why so many Fortune 500 companies are drawn to this state is the fact that Delaware has an excellent body of corporate case law spanning 110 years regarding such matters as management/shareholder issues and mergers/acquisitions.
Here are some facts dealing with forming a company in Delaware:
With all those advantages in place, Delaware might not be the most suitable place to incorporate your new business. Delaware is one of the three states commonly recognized as “corporate heavens”, the other two being Nevada and Wyoming. Before making your choice please see our article that runs a comparison DE vs. NV. vs. WY.
This article is not intended to provide any tax advice or direction. None of information contained on this web site is intended to constitute legal or other professional advice, and you should not rely solely on the information contained on the site for making legal decisions. When necessary, you should consult with an attorney for specific advice tailored to your situation.
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