As the state very often selected as a "state of incorporation," Delaware may now face serious competition: Texas.

Delaware virtually cornered this market primarily by creating a carefully developed and coherent set of statutes, laws and judicial precedents and by empowering a respected court to enforce them—the Delaware Chancery Court. Having handled numerous matters and trials in that court, on both the plaintiff and defense side, it's evident that the Delaware Chancery Court established itself as the preferred forum to resolve many of the most hotly contested and precedent-setting disputes.