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Law Practice

Aug. 7, 2009

Delaware's Siren Song

Delaware has done a remarkable job in convincing out-of-state companies to forsake their headquarters' states and incorporate in Delaware, writes Keith Paul Bishop.

FORUM COLUMN

By Keith Paul Bishop

Delaware has done a remarkable job in convincing out-of-state companies to forsake their headquarters' states and incorporate in Delaware. According to the Delaware secretary of state, 50 percent of all U.S. publicly traded corporations and 63 percent of all Fortune 500 companies have their legal home in the Blue Hen State. The conventional wisdom about the superiority of a Delaware charter is so entrenched that m...

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