Get your taxes done using TurboTax

Hi

Thanks for your response.

Just to clarify (as there were sub-questions within my prior question).

"The franchise tax is an annual tax" on authorized shares irrespective of when they were originally authorized, correct?

meaning, even if the c corp did not authorize any new shares in subsequent years (beyond the year of incorporation) it still has to pay franchise tax each year on already authorized shares, correct? 

if the answer to both of these questions is "yes", could you direct me to any link that specifically addresses this topic if such a link is available?

Thanks