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Re: skichic post# 16822

Tuesday, 05/23/2017 8:12:36 AM

Tuesday, May 23, 2017 8:12:36 AM

Post# of 43514
They would choose the Assumed Par Value Capital Method not the Authorized Shares Method.

In Delaware you pay the lower of the 2 methods.

At this point their asset value is low of any (but it can't be zero) so the tax per year is a few hundred dollars.

So in this case there were likely several years past due with fees and penalties so I am guessing less than $10k it certainly isn't $180k or they would have chosen a different shell for this or re-domiciled.

Here is a calculator from the Secretary of State with the two methods.

https://corp.delaware.gov/taxcalc.shtml

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