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539. Why Does One Tiny State Set the Rules for Everyone?

Freakonomics Radio

NOTE

How to Set Up a Company in Delaware

Setting up a company in Delaware is easy and can be done quickly, with the possibility of completing the process in as little as 10 minutes. There is no need to physically go to Delaware or show identification, making it convenient for anyone. Delaware's government office stays open till midnight to process applications, demonstrating its commitment to being business-friendly. The reasons for choosing Delaware as a location for incorporation vary. Some people value the corporate anonymity it offers, allowing them to set up a company without disclosing the individuals behind it. Others rely on advice from lawyers or funding requirements from venture capital firms. The diverse range of companies registered in Delaware, including major corporations like Google, Amazon, and Tesla, as well as smaller entities, highlights its popularity and flexibility as a jurisdiction for company formation.

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