Delaware General Corporation Law

The Delaware General Corporation Law (DGCL) is a set of laws governing the formation and operation of corporations in Delaware. It provides a flexible legal framework that allows businesses to be incorporated, sets rules for corporate governance, shareholder rights, and fiduciary duties of directors. Delaware is a popular state for incorporation due to its business-friendly regulations, established court system, and clear legal precedents. Many companies choose to incorporate there to benefit from these protections and efficiencies, making Delaware a hub for corporate activity in the United States.