Protagenic Therapeutics Inc. (PTIX): Low? You mean high? Franchise tax is app...

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Protagenic Therapeutics Inc. (PTIX)

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Re: stockamaniac post# 91163

Monday, 04/16/2012 7:48:07 PM

Monday, April 16, 2012 7:48:07 PM

Low? You mean high? Franchise tax is approximately .25 cents per $100 of the either the book value of assets or net worth which ever is highest. Plus it is apportion between ever state that they do business in. Meaning they may only pay on 1% of there minimum measure amount to DE. It all depends on activity in that one state.

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