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It is that time of year again when the Delaware Division of Corporations and Delaware Secretary of State Jeffrey Bullock report and summarize the highs and lows of the previous year.
Some of the major highlights from the 2013 Delaware Division of Corporations annual report:
- 83% of all new U.S. initial public offerings (IPOs) were in incorporated in Delaware.
- The percentage of the Fortune 500 companies incorporated in Delaware rose to 65%
- Delaware introduced legislation to allow for the formation of the public benefit corporation
- New LLC formations increased 5.7%
- New corporation formations increased 5.6%
- New Delaware limited partnership (LP) formations grew only 1.5%
- Overall new entity formations including trusts, LLCs, LPs, LLPs, and corporations increased 5%
- Active business entities incorporated in Delaware finally surpassed the 1,000,000 mark. They're now at 1,052,000
- 24% of all of the state of Delaware's income was generated by the Division of Corporations. A total of $776,700,000 was generated in the 2013 calendar year.
The state of Delaware continues to set the bar high as the premier state in which to create new corporate entities. By incorporating in Delaware, your business will benefit from the established Delaware entity legal structure as well as the renowned Delaware Court of Chancery. That, coupled with Harvard Business Services, Inc. as your Delaware Registered Agent, ensures that you’re starting your business off on the right foot! Feel free to contact us with any questions about all aspects of Delaware entities. We're here to help you.
View the entire report online.
*Disclaimer*: Harvard Business Services, Inc. is neither a law firm nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. This article provides general commentary on, and analysis of, the subject addressed. We strongly advise that you consult an attorney or tax professional to receive legal or tax guidance tailored to your specific circumstances. Any action taken or not taken based on this article is at your own risk. If an article cites or provides a link to third-party sources or websites, Harvard Business Services, Inc. is not responsible for and makes no representations regarding such source’s content or accuracy. Opinions expressed in this article do not necessarily reflect those of Harvard Business Services, Inc.