Delaware is the second-smallest state in the U.S. But it’s home to more than 60% of Fortune 500 companies, the state says. Watch the full video:
There may be some complications for small businesses hoping to call Delaware their legal home, though.
"[Delaware] has a lot of appeal for basically three main reasons: convenience, flexibility and predictability," Roey Gilberg, corporate counsel for LegalZoom, told CNBC. The court is "widely respected as an authority on business matters trusted by both business and legal communities, honestly, all over the world, as a place where the rules are well developed," Gilberg said.companies that went public in 2021 were registered in Delaware, according to the state.Cleanster.com, a platform for finding cleaning services for homes and short-term rentals, is incorporated in Delaware despite both co-founders being based in Montreal, Canada.
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