Why we incorporated in Delaware first

On January 29th, 2026, Ledgers became a Delaware C-Corporation. For a company founded by a Lebanese-American founder with operations across New York and Dubai, this was not an obvious decision. Here is why we made it and what we learned.

Why Delaware specifically

Delaware is not just a state. It is a legal standard. The vast majority of US venture-backed companies incorporate there for good reason: predictable corporate law, a court system that understands startups, and documentation that investors recognize on sight. When you go to raise from institutional investors, the last thing you want is friction around your corporate structure.

What this means for MENA founders

If you are building a company in the Gulf or Levant and you have any ambition to raise from US or global investors, a US entity is almost always part of the conversation. The question is when to do it, not whether.

We chose to do it early. Before the product. Before the round. Before the press. Because getting the structure right is boring but essential, and it is much harder to fix after the fact.

The dual-entity reality

Running a Delaware C-Corp alongside UAE and Lebanese operations is not simple. There are tax implications, reporting requirements, and coordination overhead. But for the type of company we are building, one that serves founders globally, it is the right foundation.

If you are a MENA founder thinking about this decision, our DMs are open. It is one of those things that is hard to Google and easy to get wrong.