Issue 11.22

June 6, 2025

MESSAGE FROM THE PRESIDENT

Now that the ink is dry on recent changes to Delaware’s corporate code, a thought or two may be in order. To understand the present, it’s important to reflect on the past. For decades, the Corporate Law section of the State Bar Association would deliberate on proposed changes to Delaware law over weeks, months, and sometimes years before recommending reforms. That section was composed of senior partners from our most influential firms, along with other experienced or mid-career attorneys. Today, for a variety of reasons, those ‘heavy hitters’ are less engaged in the process, presenting both a challenge and an opportunity. Read more >

INSIDE SENATE BILL 21

AMENDMENTS TO SECTIONS 144 AND 220 OF THE DELAWARE GENERAL CORPORATION LAW

Senate Substitute 1 for Senate Bill 21, which was signed into law by Governor Matt Meyer on March 25, garnered significant attention from both local and national media due to its potential impact on corporate governance and stockholder rights. Within the bill, Delaware amended Sections 144 and 220 of the Delaware General Corporation Law. Read more >

INCORPORATIONS BY THE NUMBERS

Over two million business entities from around the world call Delaware their legal home—including more than two-thirds of Fortune 500 companies—and in 2023, 80% of all new U.S. Initial Public Offerings chose to incorporate here. For generations, Delaware has set the gold standard for corporate law and governance, making it the trusted choice for businesses of all sizes. In the U.S., businesses are formed and regulated at the state level, and Delaware remains the premier destination for incorporation and business success. View the full list of data >

DELAWARE TOPLINE FIGURES

2M+

Number of legal entities incorporated

298K

New business entity formations

68%

Percentage of Fortune 500 companies incorporated

80%

Percentage of U.S.-based IPOs incorporated

$2.05B

Division of Corporations General Fund Revenue

2,451

Total Publicly Traded Entities*

*Based on 2024 data. All other figures shown are from 2023

Source: Delaware Division of Corporations

FAST FACT: The corporate franchise currently accounts for approximately one-third of the state's revenue—the second-largest source of income for the state, behind only personal income taxes.

DELAWARE'S DECISION-MAKERS IN YOUR POCKET

ORDER YOUR LEGISLATIVE ROSTER TODAY!

The Legislative Roster provides the names and contact information of members of the Delaware General Assembly, the Congressional delegation, and state and local government leaders. Also included are listings of Senate and House committees and their members, district maps, seating charts, voter registration information, and more.

Download the order form >

ALWAYS CURRENT. ALWAYS WITH YOU.

The Legislative Roster is also available as a mobile app! With it, you can call or email elected officials, visit government websites, and more—right from your phone. The app is continuously updated throughout legislative session to ensure you always have the most accurate and up-to-date information.

Download the app >

Access to the roster app will be given after your purchase is made

PHOTOS OF THE WEEK

DSCC's Helana Rodriguez spoke about Intern Delaware, a past Reinventing Delaware champion, at the Pete du Pont Freedom Foundation’s annual event on Monday.

Recording for season 5 of the newly-renamed Delaware Deep Dive podcast is underway! Bill Provine of the Innovation Space and Noah Olson from the Delaware Prosperity Partnership joined us for an episode.

Intern Delaware began its 2025 cohort this week with a kickoff event at Brown Advisory. This summer, interns will get a closer look at all of the opportunities Delaware has to offer.