Are you me? Had almost exactly the same experience, though we're still in the prototyping stage and don't have paying customers yet. When I filled out the DE fr

Are you me? Had almost exactly the same experience, though we're still in the prototyping stage and don't have paying customers yet. When I filled out the DE franchise tax form online, it recalculated to the much smaller amount based on the $350 minimum. It's worth noting that you should call your agent to see whether their required forms are just them offering to fill out a form you could file yourself with state governments, often at an added fee just to fill out a few lines for you. In my experience, they'll give a straight answer if you ask. Also, for any companies doing business in New Jersey, there's a $500 minimum income tax even if you make no revenue - and even if you put the business on hold but still keep some assets on the corporation's books at any time that year - so be aware of that. It's somewhat ironic that for companies operating at a loss, states often refuse to waive any minimum tax - would they not wish the companies to be able to put that money towards their success, and to have a higher probability of generating both jobs and much higher income taxes in their states in future years? Though I suppose New Jersey is not the state best known for forward-thinking political practices...