The Delaware Division of Corporations publishes the 2010 Annual Report
This stuff is big business in Delaware!
Today, the Delaware Division of Corporations has published their annual report for Fiscal Year 2010.
Highlights include:
Growth
Delaware remains the chosen home of 63% of Fortune 500 companies. At the end of 2010, there were over 909,000 active business entities in the state, a 2.5% increase from 2009. Overall new entity formation in 2010 grew 15.5% to nearly 118,000. Of these new entities, 70% were LLCs and 24% were corporations.
New Initial Public Offerings in Delaware
In 2010, 76% of all new U.S. Initial Public Offerings (IPOs) were incorporated in Delaware. Among these IPOs were Social networking site LinkedIn, Midwestern department store chain Gordmans and Internet radio company Pandora Media
Federal Issues
Delaware corporation law is based on a well-established set of principles designed to enable stockholders to determine how the corporations they own will be governed. Thanks to the efforts of our Congressional delegation and many others, very few of these proposals were included in the final Dodd-Frank Wall Street Reform Legislation signed by the President last year. Those few proposals that did survive were made optional or non-binding.
Financial Results
Delaware’s Incorporations revenue accounted for 26% of the State’s general fund in FY2010.
You can read more details on the above, as well as information in Delaware’s effective and innovative use of technology, expanded international marketing, and the new Secretary’s seal in the entire report here:
(PDF)
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