But Delaware - which was founded by Swedes and is named for a British earl, Lord de la Warr - is a really big deal in financial circles. In fact, it's America's corporate capital.
(1)_________________________________, and thousands of smaller ones, are incorporated there. They keep their official, if not actual, headquarters in Wilmington - Delaware's largest city. Most are only token offices. Some are strictly on paper. Still, Delaware makes 22% of its annual revenue from them by (2)_________________________________.
And what does a corporation get? It saves a lot of money because Delaware has no state income tax. And the special court that (3)_________________________________. So companies are quite comfortable planting their corporate flags in Delaware. Little Delaware, first in the nation, literally and corporately.
More than half of the top 500 corporations
Charging incorporation annual and legal fees
handle corporately dispute and tranction has been friendly to business interest.