Delaware Business Blog

You know what they say about death and taxes… According to the WSJ, recent legislation aims to help the IRS collect more taxes from online sellers. In a nutshell, PayPal and other processors of online payments will be required to report annual gross receipts to the IRS for all but the smallest online merchants (less [...]

Open access to government is a major factor for corporations when they decide to incorporate in Delaware. It’s just one of the many reasons that more than 800,000 business entities have their legal home in Delaware including more than 50% of all U.S. publicly-traded companies and 60% of the Fortune 500. Senate Bill 213 is [...]

The Chrysler Assembly Plant and Parts Distribution Center plant located in Newark, Delaware will be shutting down operations at the end of 2009 and upon its decommissioning the campus represents one of the largest developable sites in the State. The campus contains 270 acres of prime land right next to the University of Delaware. The [...]

It looks like the tide has turned against Manhattan in terms of the number of filings for big bankruptcy court cases. Delaware is all of a sudden winning the filings war vs. Manhattan On deck in United States Bankruptcy Court District of Delaware (Wilmington) are: American Color Graphics Inc. (assets of $214.9 million and liabilities [...]

On This Day in Delaware History, the present state flag was adopted by the General Assembly. As defined in Delaware Code Title 29 � 306, the State of Delaware flag has a background of colonial blue surrounding a diamond of buff color in which the coat of arms of the state of Delaware is placed. [...]