The State of Delaware has launched corplaw.delaware.gov, a website dedicated to educating the public about Delaware's corporate law and assisting businesspeople by providing easy-to-access information about incorporation, cross-border entities, fiduciary duties, Delaware courts, alternative entities, and a wide variety of other business-related topics. The site also features the Delaware Corporate and Legal Services Blog.
Delaware, the "Corporate Capital", has been the forum of choice for formation of business entities for over 100 years. While limited liability companies and business trusts are found in many other jurisdictions, Delaware LLCs ("LLCs"), statutory trusts ("DSTs"), limited partnerships ("LPs") and other business entities have become the vehicle of choice in many commercial ventures. According to the Delaware Secretary of State’s Division of Corporations, as of March 29, 2013 there were 1,001,200 business entities domiciled in Delaware (up from 675,000 in September 2006). Of these, 257,598 were domestic corporations, 76,641 were domestic limited partnerships, and 23,094 were statutory trusts. 643,867 were limited liability companies, representing a more than 100% increase since early 2006. Delaware has adapted and expanded the concept of "flexibility" from its corporate and contract laws to its laws creating and enabling these entities.
The Division of Corporations of Delaware's Department of State is renowned for its state-of-the-art capabilities which facilitate a broad range of filing and business activities for all Delaware business entities.
Delaware judiciary and legal system is consistently voted the best in the United States by the Harris Poll conducted for the Institute for Legal Reform of the U.S. Chamber of Commerce annual poll of corporate attorneys and general counsel. Delaware's Court of Chancery is a court of limited jurisdiction with particular expertise in resolving corporate and entity disputes. It is widely recognized as the preeminent court in the nation for business-related disputes.
The state-of-the-art facilities at the Division of Corporations, the flexibility of the law and the expertise of the judiciary have not occurred by happenstance. The volume of corporations and now limited liability companies and the sophistication of litigation engendered by these entities have required the Delaware Bar to be on the cutting edge of business planning. As the needs and realities of businesses have changed over the years, the Corporations Section of the Delaware State Bar Association has routinely monitored case law and business trends and generated legislation to allow the Delaware entities to accommodate those needs. As a small state, Delaware provides easy access to elected and appointed officials who recognize the need for the State to remain at the cutting edge of business organization law. With the assistance of the Bar, the Executive and Legislative branches of state government continually fine-tune the laws and regulations impacting business organizations.
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