Apr

United States Chamber Institute for Legal Reform Ranks Delaware #1

2011

For the past nine years the U.S. Chamber of Commerce has ranked the 50 states’ liability systems and corporate law structure as a whole. Delaware is unique in that it ranks #1 for the ninth year in a row in a survey generated by the United States Chamber Institute for Legal Reform. The survey polled judges, attorneys, professors, and others for opinions on which state offers the best structure. Many states that are supposedly “corporate friendly,” such as Nevada, are buried deep in the list and continue to decline year after year, while Delaware flourishes. After reading this report, it is not surprising that a good portion of our business comes from the State of California, considering their law structure is one of the absolute worst! Residents of Delaware are grateful for the strong corporate law structure their state has created because it benefits each and every resident. Over one- third of Delaware’s income can be attributed to the Division of Corporations. In 2009, the corporate franchise tax alone generated $1,648 for the average Delaware household.

This strong corporate law structure protects individuals behind the company, which is why money is generated from people around the world looking at Delaware to incorporate. This revenue even enables Delaware to be one of the few states without a sales tax! The State of Delaware will continue to keep laws on the cutting edge through consistent judgments, and by keeping a reasonable and fair legal environment for the corporate entities. To review the report, go to http://www.instituteforlegalreform.com/lawsuit-climate.html#/2010