Do I need to file a Delaware annual report?

Every corporation incorporated in Delaware must file an annual report by March 1. For-profit corporations must also pay a franchise tax to remain in good standing. This tax is due even if the corporation hasn’t begun operating. And, it continues to accrue until the corporation is officially terminated either by dissolution or merger. This report must be filed electronically. Foreign corporations must also file an annual report, although the due date is not until June 30. Delaware requires that Limited Liability Companies (LLCs), Limited Partnerships (LPs) and General Partnerships that were formed in Delaware pay an annual tax each year by June 1.

What information does Delaware require?

Delaware requires basic information regarding the company, such as its location, and its directors and/or officers. Delaware also requires information needed to compute the franchise tax—authorized shares, issued shares, and total assets. CT Corporation will file your annual report using the method that results in the lowest tax due.

What are the typical fees?

The state of Delaware charges corporate entities a franchise tax—amounts range between $175 and $250,000. For late filings, additional fees and interest are added to the amount owed. Each LLC or LP must pay a $300 annual tax.

CT Corporation’s efiling fee is $84.

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