Delaware Franchise Tax Glossary

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Incorporator	An individual or entity that incorporates a Corporation on behalf of a client by filing the necessary formation documents with the Secretary of State and returning them to the client. Normally, the incorporator is the Corporation’s registered agent.
Indemnification	The act of holding another party harmless for any claims that are brought against that party.
Integrated Estate Planning	A comprehensive asset protection plan that involves estate planning, domestic and international trusts, and multiple-entity strategies.
IRS Form 1023	A form required by IRS to apply for tax-exempt status.
IRS Form 1040	A form required by IRS to file annual income tax return for individuals.
IRS Form 1065	A form required by IRS to file annual income tax return for partnerships.
IRS Form 2553	A form required by IRS to elect Subchapter S tax status for a general or close corporation.
IRS Form SS-4	A form required by IRS to apply for a Federal Tax Identification Number.
Issued Shares	Those common and preferred shares that a Corporation chooses to issue to its existing or potential shareholders.
ITIN	Individual Taxpayer Identification Number. Now required for a foreign individual before their company can get an EIN (Employer Identification Number). Order Online.