Bill Modernizes Regulations for Delaware Asset Management Corporations

Open access to government is a major factor for corporations when they decide to incorporate in Delaware. It’s just one of the many reasons that more than 800,000 business entities have their legal home in Delaware including more than 50% of all U.S. publicly-traded companies and 60% of the Fortune 500.

Senate Bill 213 is a perfect example of the State of Delaware responding quickly and strengthening it’s commitment to business needs. The law gives Asset Management Corporations a choice of how they will be taxed each year, and it is a true win-win for everyone. The new legislation will help BlackRock, Inc. to add 300 new jobs in Delaware over the next two years.

Read the DEDO press release here.

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