Deleware is great because it knows how to deal with businesses.
If I recall correctly, it's one of the only states that has a dedicates Court of Chancery [1]- Essentially special courts that are focused on business law, rather than being generalized.
This lets them build up a large body of precedent , but more, it means the judges are going to be dealing exclusively with civil cases, and can can focus on the needs of businesses.
Because of this, the court has come to be regarded as the countries experts business law. [2]
And, as I've heard it, the reason that Delaware has very favorable business laws/legal system is that the DuPont company has been there since about 1800 (not too long after 1776 =). DuPont has been a huge company in a very small state for a very long time. Early on, they were able to set up a very favorable climate for themselves and thusly other corporations, and then things have snowballed from there.
If I recall correctly, it's one of the only states that has a dedicates Court of Chancery [1]- Essentially special courts that are focused on business law, rather than being generalized.
This lets them build up a large body of precedent , but more, it means the judges are going to be dealing exclusively with civil cases, and can can focus on the needs of businesses.
Because of this, the court has come to be regarded as the countries experts business law. [2]
[1] http://www.delawoffice.com/chancery.html
[2] http://72.14.253.104/search?q=cache:l4-0NQmIQc0J:corporate-law.widener.edu/ctofchan.htm+Court+of+Chancery+delaware&hl=en&ct=clnk&cd=5&gl=us&client=firefox-a