Incorporated my Delaware C-corp 6 months ago. What do I actually need to file annually to stay compliant? Getting conflicting info from google.
Incorporated my Delaware C-corp 6 months ago. What do I actually need to file annually to stay compliant? Getting conflicting info from google.
Delaware C-corp basics:
If you're doing business in another state, you also need to stay compliant there as a "foreign corporation."
WARNING about franchise tax calculation: Delaware's default method can give you a $200K+ bill even if you're a tiny startup. The "assumed par value capital" method is almost always lower. Don't just pay what the first bill says - recalculate using Method 2.
Also don't forget internal compliance - technically your board should hold at least one annual meeting (can be by written consent), and you should document major decisions. Not strictly "filings" but important for maintaining corporate formalities which protects your liability shield.
how do people handle this without a lawyer? I'm a solo founder, seems overkill to pay someone $500 to file a $225 tax
@SoloOps you can file Delaware franchise tax yourself through their website (corp.delaware.gov). It's not hard, just make sure to calculate using the right method. Some registered agent services also offer to file for you for like $50.
Super helpful. I'm also registered as foreign corp in California. What do I need to file there?
California: Statement of Information (Form SI-350) due within 90 days of registration and every year after. Also California $800 minimum franchise tax even if you have $0 revenue. Welcome to doing business in CA.
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