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Ask HN: I set up my company too early.

2 points by moogy ↗ HN
I was told that it was better to set up my company sooner rather then later. I set up a Delaware C-Corp but my company hasn't made any money yet and I'm face with franchise tax filing. I don't know what to do or how file these on my own and have no money to pay them. What is my best route here?

1 comment

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markmccraw
I'm sure there is a guide somewhere on the Delaware Division of Revenue state website. Tax law may be complicated but it's not a secret. Since you have no revenue I imagine that it won't be super complicated and that even if you make a mistake or two that no one will ever look at your return. (Maybe if you go public way down the line?)

Paying someone may "only" cost a few hundred bucks since there's gonna be zeros all over the place and this is likely to be deductible from your next in Delaware.

Disclaimer: Not a lawyer, accountant, etc.