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Delaware Division of Libraries; Delaware Division of the Arts; Delaware Public Archives; Delaware State Banking Commissioner; Conference Centers(Buena Vista/Belmont Hall)Division of Corporations(handles business records, including lien statements under the Uniform Commercial Code)
Pursuant to the "internal affairs doctrine", corporations which act in more than one state are subject only to the laws of their state of incorporation with regard to the regulation of the internal affairs of the corporation. [12] As a result, Delaware corporations are subject almost exclusively to Delaware law, even when they do business in ...
Delaware's economy shifted to a manufacturing base in the late 19th century, led by the transformation of the DuPont Company. [1] Modern growth in the financial workforce has overtaken the manufacturing sector in the state's economy. The Delaware General Corporation Law provides a flexible and stable framework for national incorporation. [2]
For these reasons, Delaware is considered to have the most business-friendly legal system in the United States; therefore a great number of companies are incorporated in Delaware, including 60% of the companies listed on the New York Stock Exchange. [3] As of 2023, there are a total of 105 judicial off Delaware Courts.
The state added 58,000 new corporations in 2022, the most recent year for which information was available from Delaware. That was down 6% from 2021, although still up 41% since 2017.
Elon Musk has claimed that Delaware, home to much of corporate America, is trying to prevent businesses from heeding his call to leave the state, where a court invalidated his $56 billion Tesla ...