Hi everyone 👋,

David here, former accountant and founder/CEO of Fondo. We’ve helped 1,000+ founders file their Delaware Franchise tax since launching in 2020.

We’d love to handle this for you for $1.

Problem

All Delaware Corporations are legally required to file Delaware Franchise Tax each year (beginning with their year of incorporation)

• Deadline: 3/1/23 (in 9 days)

• Tax Owed: $450+

• Penalties: $200 +1.5%/mo of unpaid balance

What often what trips founders up is that Delaware will notify you that you owe $50k+. This is because there are two methods to calculate the total franchise tax owed: the Authorized Shares Method and Assumed Par Value Capital Method. Delaware gives startups the flexibility to use the method that results in the lessor tax. This gets more complicated once you’ve raised a priced round. Fondo will make sure to file based on the lowest tax method legally possible, generally Assumed Par Value Capital Method.

Solution

Let Fondo prepare and file your Delaware Annual Franchise Tax Report for $1: tryfondo.com/1

🤝 Launch YC Deal

Let Fondo prepare and file your Delaware Annual Franchise Tax Report for $1: tryfondo.com/1

FAQ

Here is a comprehensive guide that answers all of the most common questions founders have about Delaware Franchise Tax: https://www.tryfondo.com/guides/founders-guide-delaware-franchise-tax

Please note: there is no additional purchase necessary, we will prepare & file for you for $1. You will still owe Delaware $450+, Fondo handles making that payment for you with your payment details.

Thank you!

David