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Delaware's attractiveness as a corporate haven is largely because of its business-friendly corporation law. But there’s much more to this area that Thomas Jefferson called a “jewel” among the states, thus giving it one of its nicknames, “The Diamond State.”
Did you know?
Delaware is the second smallest state, with a land area of 1,948 sq. miles. (Rhode Island is the smallest.) Delaware is, however, the least populated state in America.
Delaware is the lowest state, with an average altitude of 60 ft. above sea level. It is ninety-five miles long and between nine and thirty-five miles wide. Its highest point, near the Pennsylvania line, is 442 ft. above sea level.
Delaware has the fewest counties of any state (3).
Neighboring states know Delaware as the “Home of Tax Free Shopping,” and it is one of only five states without sales tax. Other states are Alaska, Oregon, Montana and New Hampshire.
Delaware’s official state name is “The First State” because it was the first of the thirteen original colonies to ratify the Constitution in 1787, thus becoming the first state in the nation. Because of this, Delaware is given the first position in congressional votes and national events, such as Presidential Inaugurations.
Delaware’s state bird is the Blue Hen, and the state is also known as the “Blue Hen State.” This nickname was because of the highly-esteemed Blue Hen cocks soldiers carried for cock fight entertainment during the Revolutionary War.
The state’s economic and industrial development was, for over a century, closely tied to the DuPont family, founders of one of the world’s largest chemical companies and the parent company of General Motors Corporation from 1933 until the 1950s. Gunpowder was an early product.
Delaware ranks second in scientists and engineers as a percent of the workforce, and has the highest number of patent awards per person.
Delaware is home to Dover International Speedway, also known as the “Monster Mile,” which hosts two NASCAR races each year. Dover Downs is also a popular harness-racing facility.
Tourism is a major industry, with Rehoboth Beach nicknamed “The Nation’s Summer Capital” due to the number of people from Washington D.C. who come to enjoy the Atlantic’s sandy shore as a vacation destination.
Delaware remained in the Union during the Civil War. The Governor said that his state was the first to join the Union by ratifying the constitution, and would be the last to leave it.
The State Tree is the American Holly.
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.