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Good grief if you are this worried about these fees your company doesn’t have enough revenue to justify its existence. Yes I had a Delaware c-Corp with a foreig
by drewmassey 9y ago
Good grief if you are this worried about these fees your company doesn’t have enough revenue to justify its existence. Yes I had a Delaware c-Corp with a foreign qualification for Massachusetts, no I would not have cared about these annual fees if my company was meeting growth targets.
Please just spend a little time educating yourself about corporate structure and spend a lot of time building a company with real value. The former can typically be changed without a lot of fuss if the latter requires it.
- sleepyhead 9y agoSure, but that doesn't really justify the fees. I keep hearing from Americans that we in Scandinavia are so heavily taxed. Very strange from me to hear about a $800 minimum tax fee. Also, not every company is a high flying startup. It might be a small hairdresser salon. $800 isn't pocket change for a small biz. In my case I have a company that has pretty much been inactive for many years as it just exists to have stocks in my previous and current startup. Wouldn't be happy about spending $800/year to keep it alive.
- kevstev 9y agoThis is for a specific type of corporate organization in a particular state. You can start a business without forming an LLC. If you really want to pretend you are for real, you would form a delaware corporation. Delaware is a tiny state that many years ago decided to create a very well defined and (permissive) legal framework for corporate law. Virtually any reasonably sized corporation is a Delaware corporation. Delaware does benefit from this... they get all the filing and other miscellaneous fees out of the deal as well.