Why do so many companies incorporate in Delaware?
The Delaware Corporation Law, the Court of Chancery, and the customer service-oriented staff at the Division of Corporations are all sound reasons why Delaware leads the nation as a major corporate domicile.
The reason is not just one but several. They include the Delaware General Corporation Law that is one of the most advanced and flexible corporation statutes in the nation. Secondly, Delaware courts and, in particular, the Court of Chancery, have over 200 years of legal precedent as a maker of corporation law. Thirdly, the state legislature seriously takes its role in keeping the corporation statute and other business laws current. Lastly, the office of the Secretary of State operates much like a business rather than a government bureaucracy with its modern imaging system and customer service oriented staff.
