How to Dissolve A Delaware Franchise in 8 Easy Steps

Tl;DR: Delaware is a tax paradise. You almost do not pay any tax there. But it’s a scheme, too. Here is how to get out if it’s not worth it for you at the moment.

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It took me a couple of days to figure it out. Why? Well, because everyone wants to suck some dollars out of your pocket during the process. Thus, I deliver a simple blueprint on how to dissolve the company.

1. Get the upper hand in the negotiation by researching all laws and regulations (it’s also a lesson for you that’s why I don’t write that down here)
2. Get in contact with the employees in the state’s office
3. File and pay the tax for the whole current year
4. Get all information on how to do dissolve the company from the state by interviewing them via mail and phone such that you are prepared for the next step.
5. Once you know everything go to a lawyer (you do not want to be responsible if something goes wrong). A mistake might easily cost you $200k.
6. The lawyer most likely wants to scam some money out of you. Show that you know the game and you want a lawyer for not being liable. Demonstrate if the lawyer tries to scam you that you will hold the lawyer liable. Negotiate a fair price, e.g. $100 for filing the documents.
7. Print everything related to the tax payment, lawyer and dissolution.
8. Keep it for 10 years

Done.

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