C corp was incorporated in 2021. Had authorized 10m shares at that time. Paid Delaware franchise tax for 2021 using Assumed Par Value Method. $400.
That 10 million shares are the only shares that have been authorized since incorporation.
my Q is: Do I need to pay Delaware franchise tax for the original 10m shares in 2022 too? In other words, does franchise tax applies to any authorized shares available since the beginning or only to new shares authorized in any given tax year?
Thanks.
