According to the Delaware Department of State*:

More than half a million business entities have their legal home in Delaware including more than 50% of all U.S. publicly-traded companies and 58% of the Fortune 500. Businesses choose Delaware because we provide a complete package of incorporation services including modern and flexible corporate laws, our highly-respected Court of Chancery, a business-friendly State Government, and the customer service oriented Staff of the Delaware Division of Corporations.

Here are some of the reasons that Delaware is the most favored state for incorporation:

A Delaware corporation or LLC can be filed the same day the order is placed with receipt of your paperwork in approximately 7-10 business days.

The cost is one of the lowest in the country. $189 includes the name check and same day preparation and filing of the incorporation documents.

There is no minimum capital requirement when forming a Delaware corporation.

The State of Delaware has a dedicated court system known as the Chancery Court. This court hears and resolves corporate matters with over 200 years of legal precedent.

One person can be the sole director, officer and shareholder of a Delaware corporation.

The State of Delaware has no sales tax, no personal property tax and no state corporate income tax provided that no business is being conducted in the State of Delaware.

A Delaware corporation or LLC can do business in any state. However, some states will require your Delaware LLC or corporation to file as a foreign entity in their state. We recommend checking with your state prior to filing.