Delaware was the first state to ratify the United States Constitution in 1787. There is only one First State and Delaware is it. Delaware has been called the “Corporate Capital” because so many corporations have incorporated in the state because of its business-friendly law. According to the Delaware Division of Corporations (2002), more than 308,000 companies are incorporated in Delaware. This includes 60% of the Fortune 500 and 50% of the companies listed on the New York Stock Exchange. Anybody, US or non-US residents, can incorporate a Delaware company.
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