jacekstrupinski
Member
Hello,
So, I'm setting up a company in Delaware and I have one question:
How will the number of shares affect my future?
I know that I could take up to 5.000 shares and pay annual franchise tax of $175. Or take a large number like 10.000.000 and pay through Assumed Par Value Capital Method that should allow me to pay $350 annualy, if the Par Value is low (0.00001) and I have no income, employees etc.
I heard that 10 million is standard and required to get any financial support, investors etc. The problem is that I'm quite scared that I'll do something wrong and end up with thousands of dollars franchise tax for having a lot of shares. Could I start with 1k and then change it to 10 million later?
If looking for professional advice is in this case absolutely necessary, could you tell me what exactly I should hire my lawyer for and what cost should I expect?
Thanks
So, I'm setting up a company in Delaware and I have one question:
How will the number of shares affect my future?
I know that I could take up to 5.000 shares and pay annual franchise tax of $175. Or take a large number like 10.000.000 and pay through Assumed Par Value Capital Method that should allow me to pay $350 annualy, if the Par Value is low (0.00001) and I have no income, employees etc.
I heard that 10 million is standard and required to get any financial support, investors etc. The problem is that I'm quite scared that I'll do something wrong and end up with thousands of dollars franchise tax for having a lot of shares. Could I start with 1k and then change it to 10 million later?
If looking for professional advice is in this case absolutely necessary, could you tell me what exactly I should hire my lawyer for and what cost should I expect?
Thanks