Is Delaware focused on business?

The Delaware legislature pays close attention to developments in business law, which means there are frequent amendments to keep the state’s regulations and statutes up to date. Delaware has a special incentive to maintain this reputation, as it receives several hundred million dollars per year (approximately 15-20 percent of the state’s budget) from corporate franchise taxes. In contrast, other state legislatures lack either the expertise or the incentive (or both) to update such laws with the same frequency as Delaware.