Tax Filings For Startups
All corporations registered in the US must file an annual tax return with the Internal Revenue Service (IRS), regardless of whether they earned any income in the past year. In addition to federal income taxes, startups typically have to pay franchise taxes in any states where they are incorporated or operate a franchise, file annual reports to state officials, and are on the hook for deducting payroll & unemployment taxes when paying full-time employees.
Running a remote team? Hiring full-time employees in multiple US states? Chances are your startup will need to register your Delaware corporation to do business as a foreign corporation.
By Greg Miaskiewicz • 5 min read
Delaware Annual Franchise tax explained for startup founders . Luckily, you won’t have to take a deep dive into accounting to use the alternate method, the Assumed Par Value Capital Method, used by most Delaware corporations.
By Stefan Nagey • 6 min read