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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:
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]
The Department of Corporations was originally known as the "State Corporation Department" and was created by the "Investment Companies Act". [1] Governor Hiram Johnson appointed H.L. Carnahan as California's first Commissioner of Corporations in 1914. The Investment Companies Act faced immediate opposition but was approved by the voters in a ...
Once the agreement is completed, a Certificate of Trust can be obtained from the Delaware Division of Corporations and completed. [5] The signatures of the trustee(s) involved are then required, followed by submission of the forms to the Division of Corporations, along with a one-time $500 processing fee.
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.
One other measure from the US Census Bureau showed that business applications from corporations in Delaware dropped 8.5% between December 2022 and December 2023, according to IRS filings, after ...
The California Department of Financial Protection and Innovation (abbreviated DFPI; formerly the Department of Business Oversight, DBO) regulates a variety of financial services, businesses, products, and professionals. [1] The department operates under the California Business, Consumer Services and Housing Agency.
In Delaware, the secretary of state oversees the Delaware Office of Veterans Services. [17] In Illinois, the secretary of state is ex officio Clerk of the Court of Claims. [18] In addition, the secretary of state is responsible for the enforcement of state motor vehicle theft statutes and the regulation of the automotive industry. [19]