Delaware, the second smallest state by land mass, has an outsized impact on the business world. More than 60% of Fortune 500 companies are incorporated there. Delaware’s grip on incorporations is almost exclusively a function of its unique judicial systems for business. Delaware’s statutes offer flexibility, and its well-developed case law gives substantial guidance to corporations. This combination is the primary reason companies continue to incorporate in Delaware. Legal protection in decision-making is one of the preeminent reasons—because decision-making itself is a complex business.
Businesses employ accountants, finance teams, legal counsel, and C-suite executives to comb through data and make decisions. Teams can pore over spreadsheets and