Delaware and Nevada calculate the filing fee based on the number of shares authorized. The minimum franchise tax in Delaware is $75 for corporations using the Authorized Shares method and $350 minimum for corporations using the Assumed Par Value Capital Method. Delaware corporate income tax rate is 8.7%. Nevada levies no franchise tax and no business income tax.
 See Peter B. Oh, Veil-Piercing, 89 Tex. L. Rev. 81 (2010).