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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]
Delaware acquired its status as a corporate haven in the early 20th century. Following the example of New Jersey, which enacted corporate-friendly laws at the end of the 19th century to attract businesses [5] from New York, Delaware adopted on March 10, 1899, a general incorporation act aimed at attracting more businesses.
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.
Delaware is the home to more than 1.8 million corporations, more than the number of residents in the state. The Court of Chancery handle corporate internal affairs litigation (such as shareholder disputes and merger disputes) according the Delaware General Corporation Law, the statute governing corporations in Delaware. As a result, it is a hub ...
The Secretary of State of Delaware is the head of the Department of State of the U.S. state of Delaware. The Department is in charge of a wide variety of public and governmental services, and is divided into the following divisions:
Department of the Registrar of Companies and Official Receiver [26] — responsible for keeping the Register of Companies, Partnerships, Business Names, Trade Marks, Patents and Industrial Designs, as well as for administering properties of insolvent legal and natural persons. [1] Cyprus-Data.com — searchable database for companies in Cyprus
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Jeffrey W. Bullock is the Secretary of State of Delaware, and Delaware's 80th Secretary of State.As Secretary of State, Bullock oversees over twenty different agencies, including the Division of Corporations, the Division of Historical and Cultural Affairs, the Division of the Arts, and the Division of Professional Regulation.
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