Delaware General Corporation Law (DGCL)

Delaware statutes governing corporations found in Chapter One of Title 8 of the Delaware Code. It provides, among other things, laws relating to the formation, management, governance, mergers and dissolution of Delaware corporations. Delaware is a common state for incorporation for a variety of reasons such as:

  • Ease of filing and online services.

  • Lower franchise taxes.

  • Well-developed body of corporate law and a highly respected judiciary.

  • Business-friendly statutes and decisions.

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