Delaware Is #1

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Every year the U.S. Chamber of Commerce ranks the 50 states for the corporate law structure each has established. Delaware is unique in that it ranks #1 for the 7th year in a row in a survey generated by the United States Chamber Institute for Legal Reform.  The survey polled judges, attorneys, professors and others for opinions on which state offered the best structure. Many states that are supposedly “corporate friendly” such as Nevada, are buried deep in the list and continue to decline year after year, while Delaware flourishes. The residents of the State of Delaware are grateful for the strong corporate law structure their state has created because it benefits each and every resident. Almost one third of Delaware’s income can be attributed to the Division of Corporations.  This strong corporate law structure protects individuals behind the company, which is why money is generated from people around the world looking at Delaware to incorporate.  This revenue even enables Delaware to be one of the few states without a sales tax!   The State of Delaware will continue to keep the laws on the cutting edge through consistent judgments and by keeping a reasonable, fair legal environment for the corporate entities.

 

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