DELAWARE_INC_2017
New Member
- Jurisdiction
- Delaware
I want to liquidate our startup Delaware, a C corp INC.
Incorporation 7/26/2017
5 shareholders.
I have 81% of shares
There are convertible loans $221000
Last annual report filled 2017.
Status: tax delinquent (3/1/2019)
I did a Delaware Entity Search Status and I states:
Annual Tax Assessment: $127665
Tax due $128428
I can't understand why the tax due is so high. We never made a profit.
And what I understand is that we first have to pay all taxes before we can liquidate the company.
I don't know what to do to clean this up.
Incorporation 7/26/2017
5 shareholders.
I have 81% of shares
There are convertible loans $221000
Last annual report filled 2017.
Status: tax delinquent (3/1/2019)
I did a Delaware Entity Search Status and I states:
Annual Tax Assessment: $127665
Tax due $128428
I can't understand why the tax due is so high. We never made a profit.
And what I understand is that we first have to pay all taxes before we can liquidate the company.
I don't know what to do to clean this up.