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if you take money from investors they will require you to be a C-Corp. If this path is in your plans, it is probably easiest to start off this way.
by Mistone 20y ago
if you take money from investors they will require you to be a C-Corp. If this path is in your plans, it is probably easiest to start off this way.
- timg 20y agoI went for a Delaware C-Corp. Costed me $300 to incorporate + 30 in annual fees, so far for the first year. This was a relatively large expense for me so let's hope it was worth it.
- lindsayrgwatt 20y agoYou should be able to get your annual fees down below $300 - it should only be about 1/2 that
- timg 20y agoedit: you are correct.
- lindsayrgwatt 20y agoMaybe I'm wrong, but I read the page above differently from you. The $200 fee applies to LLCs, Limited Partnerships or General Partnerships. You're a C-Class Corp right? Therefore you pay the corporate franchise tax. If you go to the link on the page entitled "Franchise Taxes Here": http://corp.delaware.gov/frtaxcalc.shtml http://corp.delaware.gov/frtaxcalc.shtml it tells you what it should be. Your fee will vary depending upon how many shares you have outstanding, but I'm guessing you have less than 3,000 therefore it will be $35.