There is an incredible amount of freedom when it comes to where an organization can form or incorporate since there is no one law in the United States governing the formation and operations of corporations, limited liability companies, and other business entities. Instead, all 50 states have their own, individual business entity statutes. But with all this freedom also comes stressful questions like, which state is best for my organization? 

Delaware has quickly become one of the most popular states to form in. Notably, it boasts world-renowned business entity statues. The Delaware General Corporation Law is one of the more advanced and flexible statutes in the nation. It is corporate-friendly and business-oriented, and regularly updates laws that are outdated or confusing.

Adding to this is the state’s case law, which is the largest and most comprehensive in the world. Moreover, Delaware has a unique court system ideal for organizations looking to resolve legal issues justly and quickly. Cases are governed by judges, meaning no jury trials and no punitive damage awards. And, the Secretary of State’s Division of Corporations has a focus on customer service – with fair, flexible, and consistent staff, adding to Delaware’s appeal for formation.

This seminar reference book takes you through all of these benefits and more. It describes the state’s General Corporation Law, its history, and the steps needed for this incorporation process. This includes preparing and filing the Certificate of Incorporation, holding an organizational meeting, electing directors, adopting bylaws, and issuing stock.

The reference book will also walk you through all the need-to-know facts regarding Delaware’s Limited Liability Act, other unincorporated business entities, and annual taxes. This guide is invaluable for those looking to reap the benefits of incorporating in Delaware. 

Interested in learning even more? Our CT experts delve into Delaware in this webinar.