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swyx
11mo ago
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sorry that happened to you. what taxes do you have to pay on a company making 0? just delaware franchise tax?
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kentonv
11mo ago
· 2 in thread
That and $800 CA franchise tax. But the money wasn't really significant. It was just annoying to have to prepare the returns every year.
MichaelZuo
11mo ago
Did your legal counsel at the time not mention that was a possibility?
kentonv
11mo ago
Yes, of course. But given the circumstances we all believed it was highly unlikely he'd actually sue.
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