If the Delaware Franchise Tax calculation uses the assumed par value capital method, the gross assets and issued shares are also to be listed. If you decide to pay your Delaware Franchise Tax for a corporation with us over the phone, the annual report would need to be separately submitted to us by email, fax or mail. A corporation with 5,001 authorized shares or more is considered a maximum stock corporation.
How Do I Pay My Delaware Franchise Tax?
Your Delaware franchise tax is due on June 1 for an LLC. The limited partnership or LP franchise tax is also due on June 1. For questions, contact the Harvard Business Services, Inc. The methods of calculating Delaware Franchise Tax are detailed below.
This type of company does not pay the standard annual Delaware Franchise Tax, but must still file and pay the annual report fee of $25 per year. Paying a franchise tax is a legal cost recovery methods requirement for business incorporated in the state of Delaware. Failure to pay the annual franchise tax can result, in penalties, fines, or even the loss of right to conduct lawful business.
I haven’t started doing business yet. Do I still have to file a report and pay taxes?
By not requiring more information, businesses that file their franchise tax in Delaware can maintain privacy. The names of the owners, LLC members and managers are not required to be made public. If your Delaware franchise tax is submitted late, a $125 late fee and interest fee of 1.5 percent will be charged.
- When filing a franchise tax in Delaware, all the must be submitted is the physical address of the business and the name of the registered agent.
- If such schedule is no longer in use, the Secretary of State shall designate a replacement.
- This is not the same as your Delaware annual report and will not mention internal company information, such as director or officer details.
- Filing your Delaware franchise tax is a simple, online process.
If you need assistance in obtaining a Certificate of Good Standing, we can help you receive your certificate in two business days or less. The due date of your Delaware Franchise Tax payment varies, depending on your company type. Title 8 Chapter 5 § 502(a)(4) states that the Annual Report shall list “The names and addresses of all the directors as of the filing date of posting in accounting — definition and meaning the report and the name and address of the officer who signs the report.”
How are Delaware franchise taxes calculated?
Filing your Delaware franchise tax is a simple, online process. After paying their Delaware Franchise Tax, many business owners require a Delaware Certificate of Good Standing. If you’re ready to file and pay your Delaware Franchise Tax now, please visit our online Franchise Tax payment form.
When are franchise taxes due for my Delaware corporation?
As your Registered Agent, we will send you tax reminders both by mail and email, well in advance of the due date. We offer a tax filing service for a small fee in addition to your Franchise Tax amount. For a discounted rate you can submit your Delaware Franchise Tax payment via our online Franchise Tax form. The online fee will vary depending on when the online payment is submitted. The annual franchise tax is required and paid to the state of Delaware.
Harvard Business Services, Inc. guarantees your annual Delaware Registered Agent Fee will remain fixed at $50 per company, per year, for the life of your company. The Franchise Tax for a Delaware LLC or a Delaware LP is a flat annual rate of $300.
This article focuses on businesses that are operating solely in Delaware. If your business is operating in multiple states, your business may have “nexus” with those other best invoice management software to streamline ap process states. This means that you’re likely to need to pay taxes in those states.