This past year marked yet another milestone for the Delaware corporate franchise. The trust you have placed in our thoughtful and balanced approach to corporate and entity law is evidenced by the facts and figures in this annual report. As we reflect on 2024, it is clear that despite some political rhetoric about leaving Delaware, we remain the undisputed leader in corporate law and business formation, both nationally and globally. Businesses continue to turn to Delaware, not just for its laws, but for the full suite of advantages that accompany incorporation and formation in Delaware, including access to its world-class courts and division of corporations.
Delaware's reputation as the corporate capital of the world is backed by its expert judiciary, business-friendly legal system, and flexible corporate and alternative entity statutes. The state's Court of Chancery, renowned for its efficiency and depth of corporate law expertise, provides a body of law that is unmatched in any other jurisdiction. This collection of common law coupled with Delaware's statutes provides clarity and predictability that serves as a key advantage to legal professionals charged with guiding their clients through crucial decision making and transaction planning. Moreover, Delaware's innovative approach to developing legal structures and business entities enables growth, flexibility and efficiency, providing a framework that entrepreneurs, officers, directors, and boards can rely on.
In addition, informed and engaged investors—including limited partners, institutional investors, and venture capitalists—prefer Delaware corporations and alternative entities, due in large part to the legal protections available, either at common law or by contract. The clear application of equitable principles, along with a public policy strongly favoring the enforcement of contractual rights and flexible entity structures, translate to lower legal risk and transparent governance, fostering an environment for long-term growth.
Delaware is the singular choice for incorporation and formation.
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