If you haven’t already received your Delaware franchise tax statement in the mail, then it’s probably on the way.

You have to give credit to Delaware — they make paying your corporation’s franchise taxes “thrilling.”

For example, if you authorized 10,000,000 shares of common stock in your certificate of incorporation, you will receive a franchise tax bill stating “$75,075″ as the amount owed. This total is computed based on your startup’s number of authorized shares.

But it’s a good thing for your startup that Delaware offers an alternative way to compute your franchise tax bill: the “Assumed Par Value Capital Method.”

This was the topic of a post I wrote 2 years ago titled “The Delaware Freak-Out.” If you have a startup that is incorporated in Delaware, it’s probably a good time to revisit that post.