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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]
The Delaware General Corporation Law (sometimes abbreviated DGCL), officially the General Corporation Law of the State of Delaware (Title 8, Chapter 1 of the Delaware Code), is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. [1] The statute was adopted in 1899.
registers of individual and group professional practices of physicians, dentists, nurses, midwives, and physiotherapists (but excluding pharmacists, as pharmacies are registered in a separate register - see below, and laboratory diagnosticians, as a medical laboratory is in any case a health entity or a part of one - see above), operated by the ...
It was estimated in 2012 that $9.5 billion of potential taxes had not been levied over the past decade, due to an arrangement known as the "Delaware loophole". [2] Companies formed in Delaware are required to have an address in the state at which process may be served. Therefore, Delaware entities with no physical office in the state must have ...
States House lawmakers have approved legislation authorizing a small town in southern Delaware to allow business entities, including corporations and limited liability companies, to vote in ...
As an entity that was created within the boundaries of Delaware and is written into the Delaware state charter, Title 12 Chapter 38, there is no question as to where the state stands on the backing of the Delaware statutory trust. [11] Limited liability is offered for DSTs, affording each trustee the benefit of personal asset protection.
The company provides incorporation, corporate documentation solutions [buzzword] along with entity support services and was the top-ranked Delaware Incorporator on the 2007 Delaware Business Ledger Book of Lists. [3] Aided by Delaware law, the state is a corporate haven with over 50% of U.S. publicly traded corporations.
Additionally Illinois states that each series is a separate entity, whereas Delaware is silent on whether each series is a separate entity. Most states with the series LLC have followed the Delaware model, rather than the model in Illinois which requires each series to be designated with the Secretary of State. [citation needed]