My startup is registered in Delaware as C corp. Delaware State has something called as Franchise Tax which needs to be paid annually. It's a minimum $350 for a company with no revenue (my case) according to Assumed Par Value Capital method.
Company has 10M authorised stock none of which is issued to any of the co-founders. Do I still qualify for the minimum $350? Because I hear that in order to qualify for the minimum $350, all stock must be issued? Is it true?