There is an alternative way to calculate tax that is not based on number of shares. Not going to lie, I about had a heart attack when I got my first annual letter from Delaware. I think it's a right of passage.

What gotchas are you referring to? I thought Delaware was the shell corp state of choice because of no taxes and laws that favor businesses.

He is referring to how the default franchise tax is calculated using the "Authorized Shares Method" which gives many an MI when they see they owe $20k+, without realizing you can use the "Assumed Par Value Capital Method" and your bill suddenly becomes like ~$500.