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The 175-180k figure for franchise tax is misleading. Our franchise tax as an early pre-revenue company was $450 dollars this year because of one of the methods
by Grimm1 6y ago
The 175-180k figure for franchise tax is misleading. Our franchise tax as an early pre-revenue company was $450 dollars this year because of one of the methods of franchise tax calculation available.
- tomklein 6y agoI guess the author means $175 up to $180,000 instead of $175k as minimum
- Grimm1 6y agoThe minimum to my knowledge is that $450
- jkaplowitz 6y ago$175 according to official info at: https://corp.delaware.gov/frtaxcalc/ https://corp.delaware.gov/frtaxcalc/ The maximum is however $200k. I can believe that it may have been $180k in the past.
- Grimm1 6y agoAh yup the minimum is 400 plus 50 fee for the method we use. But 175 for the other method. Well that clears that up. I’ve always been advised to open a company for the few times I’ve done it with an initial 10m shares for ease of investors and to more easily manage an employee options pool so I’ve never had a co that would qualify for the 175 method. The more you know