• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Can We Not Issue Shares to Ourselves to Avoid Delaware Franchise Tax?

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

T

throwawaybottle

New member
What is the name of your state? Delaware

We have a startup with no revenue yet, and the founder's shares have partially vested. Can we wait on issuing them so we don't have to pay $80,000 franchise tax?
 


You must log in or register to reply here.

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top