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.