What are some of the advantages for a business to incorporate in Delaware?
Delaware offers corporations several advantages:
? Laws that favor management. Delaware allows a great deal of flexibility for corporations with respect to the management of the business. For example, if shareholders want to vote on a matter in writing rather than holding a meeting, Delaware law requires only a majority vote rather than a unanimous vote (as required in most other states). Delaware is very progressive in passing legislation to permit corporations to operate with a minimum of rigid formalities.
? Delaware has a special court called a Chancery Court that hears only corporate matters. The judges are experts in business matters. Corporate cases in Delaware can get to trial quickly.
? Given this special court structure, a large volume of corporate law precedent has developed in Delaware. The precedent helps attorneys better advise their corporate clients since the law is well defined.
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