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Create and Protect

Cooley Protect is a free resource designed by Cooley’s patent counseling & prosecution team.

Cooley GO in Asia offers the same free founder-focused legal resources and document generators that the US and UK ecosystems have come to trust.

Delaware Franchise Tax

Glossary Term

The Delaware Franchise Tax is the tax due to the state of Delaware for all LLCs and LPs organized or Corporations incorporated under Delaware law.

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One of the first decisions you need to make during the incorporation process is "How many shares do you want to authorize?" A common misconception is that the number of authorized shares is necessarily equal to the total number of shares issued at incorporation.

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All Delaware corporations have to pay an annual franchise tax to the state. If you’ve received a notice from the State of Delaware saying that your small startup owes tens of thousands of dollars in franchise tax, do not panic.

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Delaware Franchise Tax

How Many Authorized Shares Should I Use In My Certificate of Incorporation?

So You Owe Thousands of Dollars in Delaware Franchise Tax?

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Delaware Franchise Tax

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