Here’s an interesting piece of trivia about Delaware: business entities formed in the state outnumber residents! Delaware has an estimated population of 1 million (2021). Meanwhile, the Division of Revenue tells us “1.3 million legal entities (and growing)” have chosen the state as their legal home. In fact, more than two-thirds of Fortune 500 are companies incorporated in Delaware.
Now, there are many valid reasons why Delaware has become such a popular choice for business incorporation.
To begin with, existing laws are corporate-friendly, allowing entrepreneurs to form their companies in a fast, convenient, and easy way. Registering a business doesn’t even require having a physical office in the state – owners only need to work with a registered agent based in Delaware. Moreover, the First State has also been dubbed by some as a “tax haven” because of its low tax rate.
10 companies incorporated in Delaware
In case you’re wondering what kinds of companies incorporated in Delaware, here’s a short list of some of the most recognizable names registered in the state:
Many are already aware of Amazon’s inspiring success story. Back in 1994, founder Jeff Bezos launched the business from his garage as an online marketplace for books. Amazon was incorporated in Washington at the time, but in 1996 the company chose to reincorporate in Delaware.
Fast forward to the present, the Seattle-based company has revolutionized online shopping to become the largest e-commerce retailer in the world. Fortune also recently named Amazon as #2 on the list of the World’s Most Admired Companies, next only to Apple.
Amazon’s official website claims that their goal is “to be Earth’s most customer-centric company, Earth’s best employer, and Earth’s safest place to work.”
The world’s most popular soda was invented in May 1886 by pharmacist Dr. John Stith Pemberton in Atlanta, Georgia. The iconic flowing logo – which they still use to this very day – was designed by bookkeeper Frank Robinson.
In 1889, Asa Griggs Candler purchased the formula and brand for $2,300 (about $68,000 today). He started advertising the beverage as “Delicious. Refreshing. Exhilarating. Invigorating” and then incorporated The Coca-Cola Company in Atlanta, Georgia.
Just 30 years later, in September 1919, a group of investors spent $25 million to buy Coca-Cola. The soft drink company eventually reincorporated in Delaware.
Today, the beverage giant has a total brand value of $87.6 billion!
Founded in 1995 by Pierre Omidyar, eBay was first introduced to the internet as Auction Web, a website “dedicated to bringing together buyers and sellers in an honest and open marketplace.”
The San Jose, California-based corporation is now a multi-billion dollar e-commerce business that operates in more than 100 countries.
Definitely not a bad achievement for a company that had a broken laser pointer as its first item ever sold!
Although its headquarters is located in Memphis, Tennessee, FedEx is also one of the companies incorporated in Delaware. The logistics brand became a household name across the world after being prominently featured in the Tom Hanks movie Cast Away.
Mainly known for its fast and reliable delivery services, some people may be surprised to discover that FedEx actually “offers more than just shipping,” according to a FOX Business article. Apparently, FedEx also does “electronics repair and 3D printing.”
At the moment, FedEx is testing delivery robot Roxo and is collaborating with Volvo to “platoon” autonomous trucks for future innovation.
Ford Motor Company
Ford Motor Company has been “putting the world on wheels” since Henry Ford founded the automobile company with a group of investors in 1903.
Ford forever changed the way vehicles are manufactured after introducing the country’s first branch assembly plant in 1911, and the world’s first moving car assembly line in 1913.
Although its headquarters is located in Dearborn, Michigan, the company is incorporated in Delaware.
In 1996, Stanford University phD students Larry Page and Sergey Brin were working on a research project called BackRub. The two later decided to change the search engine’s name to Google after acquiring a $100,000 investment from Sun Microsystems co-founder Andy Bechtolsheim.
The rest, as they say, is history.
In addition to being the most widely-used search engine today, Google now offers Gmail, cloud storage services (Google Drive), navigation (Google Maps), and productivity tools (Google Docs, Google Sheets, and Google Slides), among many others.
Google’s main headquarters is based in Mountain View, California where it was founded, but it was reincorporated in Delaware in 2003 – one year before its initial public offering.
Tesla is a company with a big mission, which is “to accelerate the world’s transition to sustainable energy.” According to their website’s ‘About’ page, Tesla was founded in 2003 by engineers (including high-profile entrepreneur Elon Musk) who believe that electric cars can be “better, quicker, and more fun to drive than gasoline cars.”
In 2008, the Palo Alto, California company introduced its first product, the Roadster, a completely electric vehicle that ran up to 245 miles on a single charge. Soon thereafter, they started production of their second product, the luxury sedan Model S. The manufacturer eventually introduced newer models.
The Corporation’s original Certificate of Incorporation was filed with the Secretary of State of the State of Delaware on July 1, 2003.
Also one of the companies incorporated in Delaware, the concept behind Uber began when Travis Kalanick and Garrett Camp had a hard time finding a taxi during a cold, snowy evening. The two friends asked, “What if you could request a ride simply by tapping your phone?”
They later came up with an app that helped people easily locate available vehicles within their area. The technology immediately gained fame in San Francisco and Paris upon its introduction. Users loved the fact that the app made it easy to contact drivers, plus the rides were much cheaper than taxis.
Since being launched in 2009, Uber continues to “reimagine the way the world moves for the better” by connecting drivers with riders.
Retail giant Walmart is one of the biggest corporations in the world. In fact, it currently ranks at #1 on the Fortune 500 list.
Founded in 1962 in Rogers, Arkansas, Walmart currently has its headquarters in Bentonville and is incorporated in Delaware. The brand rose to fame for offering a wide range of affordable products to its buyers.
The multinational company now operates around “10,500 stores and clubs under 48 banners in 24 countries and eCommerce websites.”
Founded in 1923 by Walt Disney with his brother Roy, the Walt Disney Company (which was initially known as the Disney Brothers Cartoon Studio) is now one of the most well-loved brands among the young and the young-at-heart. The company has since produced numerous award-winning blockbuster animated and live action movies and operates leading theme parks in several countries.
Disney’s mission, its official site declares, is to “entertain, inform and inspire people around the globe through the power of unparalleled storytelling.” Presently, the House of Mouse’s assets include 20th Century Fox, ABC, Lucasfilm, Marvel, Pixar, Touchstone Pictures, and more.
The Walt Disney Company was first incorporated in 1923, in Los Angeles, California, before being reincorporated in Delaware.