3 ms·
I don't think incorporating was a mistake, I incorporated a c-corp last year and read that getting 5K shares was the maximum while remaining at a minimum franch
by nkassis 16y ago
I don't think incorporating was a mistake, I incorporated a c-corp last year and read that getting 5K shares was the maximum while remaining at a minimum franchise tax. From my understanding, the initial amount of shares is not a big deal as this can be changed later (emitting new shares, blah blah blah).
I created the corp as an experiment and will see how it goes.
- ovi256 16y agoConsider it cost of learning. OTOH, you could have went to a lawyer who may have or may have not already known of the franchise increase. You would have paid an amount in the same ballpark as your c-corp taxes for this consultation.