The 2012 State Liability Systems Ranking study conducted by Harris Interactive has just been released and Delaware is again ranked first among all fifty states. The study was conducted to assess how fair and reasonable the states’ tort liability systems are perceived to be by U.S. businesses. Delaware has achieved the top spot since the annual survey of senior litigators and top executives began in 2002. Perhaps that’s why many think of Delaware as the “Home of the Corporation.”
Delaware’s modern and highly respected corporation statute, well-developed case law, nationally recognized Court of Chancery, user-friendly Secretary of State’s Office, along with a legislature that continues to recognize the importance of keeping Delaware’s business laws current, are the main reasons why companies continue to select Delaware as the Number One choice for forming a Corporation or Limited Liability Company (LLC).
You can see the rankings of all 50 states and review the report.
THE AUTHOR OF THIS BLOG ARTICLE IS NOT A LAWYER AND HARVARD BUSINESS SERVICES, INC. IS NOT A LAW FIRM. THE ARTICLE ABOVE IS NOT INTENDED AS LEGAL ADVICE AND SHOULD NOT BE TAKEN AS LEGAL ADVICE. THIS SHORT ARTICLE IS STRICTLY TO MENTION SOME ASPECTS OF DELAWARE’S CORPORATION LAWS AND/OR LAWS RELATING TO OTHER FORMS OF ENTITIES WHICH YOU MAY NOT BE FAMILIAR WITH. WE RECOMMEND THAT YOU CONSULT WITH A LAWYER BEFORE FORMULATING A STRATEGY WHICH WILL BE SUITABLE FOR YOUR SPECIFIC CASE.