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#1 | |
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Well you know boys, a nuclear reactor is a lot like women. You just have to read the manual and press the right button
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#2 |
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NO! Im not a female - but being a dragon, I do eat them.
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Well - lets see - if you are a LLC or Partnership in Delaware the franchise tax is $200 + a $25 filing fee every year.
If you are a corporation - it depends on which of two methods you use for filing - either the Authorized Shares method which if it is just you and one other person (assuming you have the minimum shares set at 3000 like a normal S Corp would) the franchise tax is $35 If you use the Par value method and assume you issue 1 mill public shares at $1 value your annual franchise tax would be $500 (although I kinda doubt youre company would have over $1 mill in assets of public stock) In the state I live in the franchise tax is $25 per year. As far as glamourizing having a company - I would have paid an extra $45000 in taxes this year if I had filed as personal tax vice filing as a company. Sure seems like a little extra glamour to me |
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#3 | |
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Well you know boys, a nuclear reactor is a lot like women. You just have to read the manual and press the right button
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