Delaware Corporation
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A Delaware Corporation is a U.S. corporation that is legally registered in the state of Delaware.
- See: California Corporation.
References
2021
- https://www.investopedia.com/terms/d/delaware-corporation.asp
- QUOTE: A Delaware corporation is a company that is legally registered in the state of Delaware but may conduct business in any state. Delaware first began to adapt its laws in the late 19th century, making changes that would attract businesses away from other states such as New York. Over time, Delaware became a respected state in which to incorporate, even if the majority of a company's business was conducted outside the state.
- Key Takeaways
- Delaware corporations are companies that are legally registered in the state of Delaware but can conduct business anywhere.
- Roughly half of the companies listed on the S&P 500 are incorporated in Delaware because it is perceived as being business-friendly.
- Delaware especially appeals to financial firms due to usury laws which give banks and credit card companies the freedom to charge high-interest rates on loans.