In this week's episode, a quick inspection of a recent lawsuit against Disney showed that, apparently, Disney is a Delaware-based corporation. I worked for a couple of start-ups and whenever we had to fill-out our grant/government/military funding applications, we also had to indicated that we were a Delaware based corporation. Are there tax/other advantages, legally, that warrants a company to incorporate in Delaware? From Wikipedia... The Delaware Court of Chancery focuses solely on business law and uses judges instead of juries. For corporations, there is no state corporate income tax for companies that are formed in Delaware but do not transact business there (but there is a franchise tax). Sounds like a Corporation heavy leverage position for sure.