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Heart-Attack Tax Season for Delaware Startups

February 17, 2012 /

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Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

Why on earth would startup lawyers like me recommend that new companies incorporate in Delaware if they’re going to get fleeced by the tax collector?

It’s that time of year again: Tax season. In addition to the headache of personal income taxes, entrepreneurs have to deal with business taxes. Around this time each year, as sure as the sunrise, I get calls and messages from irate founders of new startups who received franchise tax bills from the State of Delaware for an insane amount like $75,000.

By Antone Johnson

Full Story: http://gust.com/angel-investing/startup-blogs/2012/02/15/heart-attack-delaware-startups/

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Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

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