Delaware: A State Of Firsts In More Ways Than One

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Delaware: A State Of Firsts In More Ways Than One

Every state has a nickname and every nickname has a story. As the first state to ratify the constitution following the revolutionary war, Delaware claimed its title as the first state in the earliest stages of our nations history. Since then, Delaware has pioneered a number of other firsts as well. Thanks to a receptive business climate, Delaware is first in the minds of businesspeople from Fortune 500 companies to entrepreneurs just starting their business. Delawares laws create an environment where forming a business entity is fast, convenient and affordable. The states judicial system is based on centuries-old principles of jurisprudence, allowing legal issues to be settled fairly and predictably. Among the many tax, asset protection, privacy and other benefits of incorporating in Delaware is a provision of Delaware law that says business owners do not have to live or ever set foot in the state in order to form a business. This is a convenient feature in some respects but unfortunate in others because Delaware offers much to see and do.

For a state small in geographical stature, Delaware boasts a surprising...

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