Delaware franchise tax is done two different ways. You pick the method you want to use. The first method is based on the par value of outstanding stock and the second is based on net assets of your company. Delaware will send you a bill using the method that maximizes the franchise tax. You should use the method that minimizes the franchise tax. You can have 10,000,000 shares outstanding at a par value of .0001 and still pay, essentially 0 in franchise tax (or the necessary minimum) if your assets are low.