A BILLION-DOLLAR GAMBLE

What would you do if someone handed you a bill for $250 million dollars and needed payment in full by July 1? Then later that same year in maybe November or December, you receive word that you need to pay another $250 million dollars on top of what you just paid. Going forward, it becomes clear that you need to find an additional $500 million as taxpayers who had the option to pay you are leaving. A scenario like this is more likely than some would care to admit if we don’t take care of our franchise tax and all the moving parts that make it a substantial revenue stream.

"Now, come on, that’s not at risk and we’ve had this stream of income forever; you’re just being alarmist." Read more >

WE NEED A BIG HAIRY AUDACIOUS GOAL—a BHAG. And while BHAGs come with the fear of change and discomfort of new, they also bring needed innovation and progress.

The state’s optimal location, favorable tax climate, and reputation for being the premier place of incorporation for business entities are just three things on a long list of reasons why Delawareans possess a lot of pride to be from the First State; and it’s true, our state really is a small wonder. Delaware’s virtues need to be cherished, nurtured, and protected.

However, we are now at a crossroads between where we currently are and want to be. Take a wrong turn and we could potentially witness unintended results. Read more >

PRESIDENT'S MESSAGE

Every now and again, events from far, far away might have an impact on our membership, and so I thought I’d discuss how disruptions in shipping lanes might one day affect the things you need. The post-World War II maritime order is under major stress. Within the last few weeks, we’ve seen the Israelis expand their interest with the Houthis in Yemen. Read more >