For more than a century, Delaware has reigned supreme as the jurisdiction of choice to form a business in the United States. Its prominence is a result of several factors:
- Delaware’s General Corporation Law and Limited Liability Company Act are regularly updated and modernized by the Delaware General Assembly.
- Delaware’s Court of Chancery is fast and predictable when handling business cases and has set precedent for business matters around the world.
- Delaware’s Secretary of State is easy to work with and allows highly flexible and customizable corporate charters. In urgent situations, documents can be filed within an hour.
- Delaware’s tax code has remained consistent for decades and allows for certain exclusions not found in other states. Furthermore, no corporate or personal income tax is applied to non-residents who do not operate within the state.
People from around the country and around the world choose Delaware as their corporate home. More than half of publicly traded companies on the New York Stock Exchange and more than half the Fortune 500 companies are Delaware companies.
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