Definition of Delaware corporation:
A corporation that registered their legal affairs in the state of US Delaware. More than half of the Fortune 500 corporations are registered in Delaware because the state has flexible corporate laws and lax interest laws.
Incorporating in Delaware has become widespread among large U.S. companies; about half of the S&P 500 members are incorporated in the state. This is especially true of the financial sector. Delaware has business-friendly usury laws, which allow banks and credit card companies to have much more freedom to charge high-interest rates on loans.
A Delaware corporation is a company that is legally registered in the state of Delaware but may conduct business in any state. Delaware first began to adapt its laws in the late 19th century, making changes that would attract businesses away from other states such as New York. Over time, Delaware became a respected state in which to incorporate, even if the majority of a company's business was conducted outside the state.
How to use Delaware corporation in a sentence?
- Delaware corporations are companies that are legally registered in the state of Delaware but can conduct business anywhere.
- Roughly half of the companies listed on the S&P 500 are incorporated in Delaware because it is perceived as being business-friendly.
- Delaware especially appeals to financial firms due to usury laws which give banks and credit card companies the freedom to charge high-interest rates on loans.
Meaning of Delaware corporation & Delaware corporation Definition