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Delaware Division of
Corporations

Annual Report Statistics



A Message from the Secretary of State - Jeffrey W. Bullock


Despite the pandemic challenges facing government, businesses, and each of us, across the US and globally, Delaware’s corporate franchise remained open for business like no other. We saw a year of unprecedented growth in 2020, adding 249,427 new business entities throughout the franchise. Total business entities topped 1.6 million at year end with over 8.72% growth in LLCs and 13.97% in the number of corporations. Consistent with past years, we continue to be the domicile of choice for members of the Fortune 500 at nearly 68%. Approximately 93% of all U.S. initial public offerings are entities registered with Delaware.



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Photo of Secretary of State Jeffrey W. Bullock





Infographic representing 67.6 percent of all Fortune 500 companies are incorpated in Delaware and more than 1.6 million legal entities are incorporated in Delaware.



Infographic showing Total General Fund Revenue growth for FY 2020



Infographic showing 93 percent of U.S based Initial Public Offerings in 2020



Division of Corporations General Fund Revenue

  2018 FY 2019 FY 2020 FY
Net Business Entity Taxes 1161.8 1228.2 1302.8
Business Entity Fees 119.0 123.0 127
UCC Fees 23.4 25.2 25.6
Total Revenue 1,304.2 1,376.4 1,455.4



Total Uniform Commercial Code (UCC) Transactions CY 2018 - 2020

  2018 CY 2019 CY 2020 CY
UCC 1 129,128 133,187 128,104
UCC 3 144,369 147,419 144,073
Searches 239,478 249,263 247,459
Total Number of Transactions 512,975 529,869 519,636



Business Entity Formations CY 2018-2020

  2018 CY 2019 CY 2020 CY
LLCs 157,142 165,910 180,376
LPs/LLPs 12,432 13,513 15,348
Corporations 44,669 45,405 51,747
Statutory Trusts 1,762 1,761 1,956
Totals 216,005 226,589 249,427



Bar Graph of Business Entity Formations CY 2018-2020 Totals
Infographic of Business Entity Formation for year 2020
Infographic of Business Entity Formation for year 2019
Infographic of Business Entity Formation for year 2018

This page and its contents serve to fulfill the stipulations of Title 8 Delaware Code § 515, Annual Report of the Secretary of State.



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