Effective Franchise Tax Rate
8.5165%
Franchise Tax Owed
$85.2K
Based on $1,000,000 net worth in Delaware, your corporation owes an estimated $85,165 in franchise tax. Authorized shares method or assumed par value capital method. Minimum $175, maximum $200,000. Authorized Shares Method: Based on 10,000,000 authorized shares.
Franchise taxes are levied by states for the privilege of doing business in that state. Unlike income taxes based on profits, franchise taxes are typically based on net worth, capital stock, or a flat annual fee. Delaware is famous for its business-friendly franchise tax structure, though rates can vary significantly.
Many states have minimum franchise taxes that apply regardless of company size, and some have maximum caps. Texas uses a unique "margin tax" based on revenue rather than capital. Understanding your state's franchise tax structure is essential for corporate tax planning.
Effective Franchise Tax Rate
8.5165%
Franchise Tax Owed
$85.2K
Based on $1,000,000 net worth in Delaware, your corporation owes an estimated $85,165 in franchise tax. Authorized shares method or assumed par value capital method. Minimum $175, maximum $200,000. Authorized Shares Method: Based on 10,000,000 authorized shares.
Franchise taxes are levied by states for the privilege of doing business in that state. Unlike income taxes based on profits, franchise taxes are typically based on net worth, capital stock, or a flat annual fee. Delaware is famous for its business-friendly franchise tax structure, though rates can vary significantly.
Many states have minimum franchise taxes that apply regardless of company size, and some have maximum caps. Texas uses a unique "margin tax" based on revenue rather than capital. Understanding your state's franchise tax structure is essential for corporate tax planning.
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