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Re: specbidder post# 28839

Monday, 02/19/2007 7:39:14 PM

Monday, February 19, 2007 7:39:14 PM

Post# of 115222
Ditto with specbidder- you've done enought 2C & whatever you decide works for me...

And don't ever think we fail to appreciate your efforts. I only wish there were more folks out there like you & the Mrs.

BTW, you're right about the taxes in Delaware-- if they don't pay it so what-- their charter is revoked in that state only. For a Russian company, I don't see where this is even an issue-- their profits don't come from Delaware & they have no employees there. In fact, it isn't really a tax anyways- it's nothing more than a filing fee which is usually limited to a maximum number of shares and/or authorized capital stock value.

For example, in South Dakota, companies with authorized capital stock > $4.5M pay $550 + $40 for every $500K over $4.5M up to a max of $16,000 per year. For Aurus, their filing fee would amount to $950.00.

In Delaware, filing fees are as follows:

Tax Calculations for Corporation Filing Fee


Par Value Stock:
Up to $2,000,000 $0.20 per $1,000.00
Then from $2,000,000 - $20,000,000 $0.10 per $1,000.00
And Over $20,000,000 $0.04 per $1,000.00
No Par Value Stock:
Up to 20,000 shares $0.01 per share
Then from 20,000 - 2,000,000 shares $0.005 per share
And Over 2,000,000 shares $0.004 per share

So for Aurus this amounts to $935.00/yr
.085x110M shares divided by 1000 times $.10= 935.00

And for a company that has never had profits until this year, HOW CAN THEY POSSIBLY OWE OVER 250K? I suggest someone answer that question before they suggest that Aurus owes all this money.