Small Business Reading Room

Thursday, August 12, 2010

Client Alert! State of Delaware Franchise Tax Calculator Inaccuracy

The minimum tax for the Assumed Par Value Capital Method of calculation is $350.00 beginning tax year 2010. I recently found out that the State's online calculator for estimating franchise taxes does not show that yet. So, what you see as the minimum using it to estimate the franchise tax under the Assumed Par Value Capital Method is still the old minimum of $75.00 which is incorrect. Keep this in mind if recalculating for filing a dissolution. If your company is otherwise eligible to file the Short Form dissolution, the $350.00 minimum will not disqualify you from using that form.

The State is aware of the error and plans on updating the calculator.


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Delaware Intercorp, Inc.
113 Barksdale Professional center
Newark, DE 19711-3258

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