I had a similar situation. I used https://legalinc.com/ to close my Delaware C Corp. My C Corp was also formed by Stripe Atlas. Process was pretty painless. Cost in my case was ~$800 including this years franchise tax (~$400) which was also due. I believe you will still need to file a tax return for the Corp for this year...
What's the simplest way to kill a Delaware C Corp?
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Re: What's the simplest way to kill a Delaware C Corp?
#22The simplest way is to pay a lawyer. It is also the best way. Not only because you also have a potential couldn’t-figure-out-the-paperwork problem with California. But also because C-corps are complex legally and financially. Good luck. [For what it might be worth to people other than the OP, C-corps are really not DIY despite what Stripe sells. Also, most of the time, a C-corp is the worst choice. The exception is w…
Isn't it fairly easy to roll an LLC or S-Corp into a C-Corp if you need one?
Re: What's the simplest way to kill a Delaware C Corp?
#23A general PSA for those finding this later on: Unless you expect to close a round of VC funding within 3-5 months (i.e. you already have investors lined up) you should generally save yourself the hassle and form a Delaware LLC instead. The process of converting a DE LLC to a DE C Corp is far easier than the paperwork involved in properly running a DE C Corp when you're bootstrapping. Remember that as a solo founder w…
As a tax lawyer, I am compelled to point out that Delaware is probably the worst place to organize an LLC. Delaware has a great volume of corporate tax law but most of it does not apply to the LLC form, which negates the only reason to go with Delaware versus another state. If you are going the LLC route, either organize it in Wyoming or else in the state where you will actually be doing business. Wyoming LLCs have t…
I thought a Nevada LLC is (was?) the most popular choice. The reasons I heard were anonymity of members and low fees. I know Wyoming is popular for crypto projects, but was curious if someone had looked at the difference between the two?
Or maybe I'm thinking of a Nevada S-Corp.
gamblor, you don't have a "for idiots" blog with a quick comparison do you?