According to the Delaware annual report, Delaware is the corporate home to 61% of the Fortune 500 companies and half of all U.S. firms traded on the New York Stock Exchange and NASDAQ. In releasing its 2006 annual report, the Delaware Department of State, Division of Corporation reported strong growth in 2006. The number of active business entities has grown 50% in the last six years to a total of more than 765,000. In 2006, Delaware added more than 145,000 new domestic business entities. More than 70% of all public offerings on U.S. exchanges were incorporated in Delaware.
The report cites several reasons for Delaware’s success in the corporate marketplace including its General Corporation Law flexibility regarding business formation and the state’s 215 year old Chancery Court that has written most modern U.S. corporations laws. In addition, Delaware’s state government is business friendly and accessible