Small Business Reading Room

Monday, June 23, 2003

Increases to Franchise Taxes and Filing Fees

It is official!

The Delaware House and Senate have passed two bills affecting the filing and franchise fees paid by Corporations, LLC's and alternate entities. The Governor has signed the bills into law.


Amendments to section 391 of Title 8 of The Delaware Code relating to The General Corporation Law will:
  • Increase the minimum fee to create a corporation from $74.00 to $89.00

  • Increase the minimum franchise tax from $50.00 to $65.00

  • Increase the late fee for franchise taxes from $50.00 to $100.00.

  • Increase the rate for the calculation of franchise taxes above the minimum and increase the maximum franchise tax to $165,000.00.

Limited Liability Companies:

Amendments to Title 6, Chapter 18, the Limited Liability Company Act will:
  • Increase the fee to create an LLC from $50.00 to $90.00

  • Increase the annual tax from $100.00 to $200.00
  • Eliminates the fee to restore an LLC to good standing.

General Fees:

Other amendments made throughout the code will:
  • Increase the fee for a certified copy from $20.00 to $30.00.

  • Increase the fee for plain paper copies from $5.00 to $10.00 plus $2.00 per page above one.

  • Increase the fee for a short form certificate of good standing from $20.00 to $30.00.

  • Increase the fee for a long form certificate of good standing from $100.00 to $125.00.

  • Increase the NSF charge fee from $25.00 to $60.00.
Other fees have been raised as well.

The effective date is January 1, 2003, for all annual fees and August 1, 2003, for all filing fees.

Delaware and the Corporation Law Section of the Delaware Bar Association have continued to synchronize the pricing for alternate entities along the lines of LLC pricing. LP's, LLP's, LLC's are all being charged $200.00 per year now.

I would like to take this opportunity to remind you that our prices have not gone up as a result of this change.

The overall fee will increase because of the State's decision to raise prices, but our fees remain the same. Of course we reserve the right to raise our rates as warranted by business conditions and to be honest we must review our rates for some services since the price for fixing errors has gone up. We remain committed to providing you with the best service at the best price possible. We compete for your business on value. We do not have any plans to increase our registered agent fee.


As more information becomes available we will keep you posted.

link to Atom Feed




Delaware Intercorp, Inc.
113 Barksdale Professional center
Newark, DE 19711-3258

"For all the best reasons to incorporate,the best place
is Delaware and the best incorporator is
Delaware Intercorp!"

Call Monday - Friday 09:00 (am) - 17:00 (pm) Eastern Time (GMT-05:00)

Toll Free - USA only - 888.324.1817
International: (1) 302.266.9367
FAX: 302.266.9940