Delaware Franchise Comparison Worksheet

State:
Multi-State
Control #:
US-03089BG
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Word; 
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Description

This worksheet can be used to help you determine the attractiveness of each franchise you are considering. Assign each franchise a column number. Answer each question along the left-hand side of the form, assigning a rating of 1-3, with 3 being the strongest. Total each column when finished. The franchise with the highest score will be the most attractive.

Delaware Franchise Comparison Worksheet is a comprehensive tool employed by potential franchisees to evaluate and compare various franchise opportunities available in the state of Delaware. This worksheet enables individuals to make informed decisions by organizing and analyzing crucial information related to different franchisors and their offerings. The Delaware Franchise Comparison Worksheet provides a structured format for assessing multiple franchises based on several key factors. These factors may include initial investment requirements, ongoing fees and royalties, available training and support, territory restrictions, marketing support, profit potential, and growth prospects. By utilizing this worksheet, individuals can easily assess and compare multiple franchise options side by side, enabling them to identify the most suitable and potentially lucrative opportunities. It serves as a valuable reference tool throughout the decision-making process, assisting aspiring franchisees in narrowing down their options and focusing on franchises that align with their goals and preferences. Though there may not be specific variations of the Delaware Franchise Comparison Worksheet, individuals can adapt it to suit their unique needs and preferences. Some might prefer a digital version of the worksheet, while others might choose to create a physical document. Ultimately, the goal remains the same: to assist individuals in comparing and evaluating different franchise opportunities in Delaware effectively. Using relevant keywords: Delaware, franchise, comparison, worksheet, tool, evaluate, compare, opportunities, potential, decisions, franchisors, offerings, structured, initial investment, ongoing fees, royalties, training, support, territory restrictions, marketing support, profit potential, growth prospects, reference tool, decision-making, aspiring franchisees, goals, preferences, digital version, physical document.

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FAQ

The minimum tax is $175.00 for corporations using the Authorized Shares method and a minimum tax of $400.00 for corporations using the Assumed Par Value Capital Method. All corporations using either method will have a maximum tax of $200.000.

A company with 1 to 5,000 authorized shares is assessed a flat rate of $225 franchise tax; a company with 5,001-10,000 authorized shares is assessed $300 franchise tax; and a company with 10,001 shares or more will be assessed a minimum of $450 franchise tax. Delaware Franchise Tax is due by March 1st of each year.

Failure to file the report and pay the required franchise taxes will result in a penalty of $200.00 plus 1.5% interest per month on tax and penalty.

If you don't pay the Delaware Franchise Tax and file the Annual Report for two straight years, the State of Delaware will administratively dissolve the Corporation.

Any corporation that is incorporated in Delaware (regardless of where you conduct business) must file an Annual Franchise Tax Report and pay Franchise Tax for the privilege of incorporating in Delaware. Franchise Taxes and annual Reports are due no later than March 1st of each year.

If you do not take some action to pay your tax bill, we may take any of the following actions: File a Notice of judgment; Serve a Notice of Warrant; Seize and sell your property (personal, real estate, and business property);

All Domestic and Foreign Limited Liability Companies, Limited Partnerships, and General Partnerships formed or registered in Delaware are required to pay an annual tax of $300.00. There is no requirement to file an Annual Report.

If you do not legally and officially cancel your LLC or dissolve your corporation, your company will continue to be held responsible for the annual Delaware Franchise Tax Fee as well as your annual Registered Agent Fee until either the Registered Agent resigns or until the State of Delaware voids the company.

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Divide your total gross assets by your total issued shares carrying to 6 decimal places. The result is your “assumed par”. Example: $1,000,000 assets, 485,000 ... Feb 21, 2022 — Delaware's taxation structure has different tiers for LLCs, non-profit corporations and for-profit corporations. Learn how to calculate your ...Jan 14, 2022 — Delaware provides a Microsoft Excel worksheet that can be used to show the tax based on various assumptions. The tax under this method is ... Mar 24, 2023 — Simply report your corporation's total gross assets and the number of shares issued when completing the online filing. Aug 5, 2019 — Delaware uses two different methods to calculate the amount of franchise tax you owe: the authorized shares method (based on the number of ... Jun 18, 2021 — Calculate this first as it's nice and easy, and then write down that number so you can compare it to the Par Value Capital Method when you get ... Oct 23, 2020 — There are two methods for calculating the Delaware annual franchise tax for a domestic corporation: (1) the Authorized Shares Method and (2) the ... May 28, 2021 — Filing the Delaware annual report online only takes five to ten minutes. Avoid the $125 penalty, plus interest and keep your corporation in ... Oct 15, 2020 — Find out about the franchise tax, which can be levied on nearly any business in the states that have it. Learn how to set up an LLC in Delaware with our helpful step-by-step guide. We'll walk you through each step and highlight important considerations.

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Delaware Franchise Comparison Worksheet