Delaware lies along the eastern coast of the United States bordering with Delaware Bay and the Atlantic ocean. The state covers 1,982 square miles making it one of the smallest states in the U.S. Historically, the state received statehood in 1776 after signing the Declaration of Independence and was the first state to ratify the U.S. Constitution in 1787.
The capital, Dover, is home to the state government, which includes the General Assembly, the State Supreme Court and the governor. The General Assembly is the legislative arm of state government responsible for making laws. The assembly consists of two parts: the State House and the State Senate. The State House is made up of 41 members elected to serve two year terms. The 21 members of the State Senate are elected to serve four year terms while Governors are elected to serve 4 year terms. All member of state government are elected by popular vote.
The state economy is diversified among key industries. For example, the state is home to a broad manufacturing sector that produces plastics, metals, chemicals and paper. The chief products of the agricultural sector include soybeans, milk and corn. In addition, the fishing industry provides crabs and clams while mining provides sand and gravel.
Although one of the smallest states in the nation, the state has built a reputation as pro-business. This attitude reflects in the General Corporation Law, which is one of the most advanced and innovative body of corporate laws in the United States. Corporate law here is flexible and backed by the Court of Chancery, which keeps corporation law relevant to changing business environments and ensures business entities registered in the state receive fair treatment in the judicial system. This innovative system of laws is one of the reasons half of Fortune 500 companies are registered here.