Glossary • Updated 2026
Franchise Tax
A state charge for the privilege of doing business there, often owed even with zero profit.
In detail
California charges $800 minimum; Delaware corps pay via Authorized Shares or APV methods.
Despite the name, most franchise taxes function like minimum income or asset taxes.
Missing them triggers penalties plus loss of good standing.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries