Small Business Reading Room

Wednesday, February 16, 2005

Delaware Corporation Franchise Taxes due March 1, 2005

All corporation franchise tax returns went out in the mail by the end of the year and are due in the hands of the Division of Corporations before March 1st.

All corporations incorporated in the State of Delaware that have not filed a dissolution or merger with the State during calendar year 2004 are required to file the Annual Franchise Tax Report and pay the Franchise Tax. Failure to pay your franchise tax bill on time will result in up to a 167% penalty and interest charged at 1.5% per month.

The Division of Corporations assesses these charges. There is no need to panic if you do not receive your franchise tax report since the Division makes payment options available online. You may pay your Franchise Taxes in one of three ways.

1) You can pay the franchise fee and file the return directly with the Division of Corporations. Instructions for where to send the report and payment are included in the mailing. Make your check payable to "Secretary of State".

The payment address is:

State of Delaware, Division of Corporations
P.O. Box 74072
Baltimore, Md 21274-4072

For overnight deliveries, the address is:

State of Delaware, Division of Corporations
7833 Walker Drive
3rd Floor
Greenbelt, Md 20770

2) You can pay the franchise fee and file electronically with the Division of coprporations.

For corporations, the web address is https://ecorp1.state.de.us/default.sph/ecorpWeb.class/secure/LoginFranchise.jsp

For limited liability companies, the web address is https://ecorp1.state.de.us/default.sph/ecorpWeb.class/secure/LoginLC.jsp

3) You can send us the funds via Credit Card at https://www.delawareintercorp.com/payment.htm, and we will handle payment of your franchise taxes for a fee of $50.00. Be sure to include both our fee, and the franchise tax fee by February 25th for timely processing.

If paying us using the secure online server you may send your completed Franchise Tax form – with signature - by fax to 302.279.8908.

posted by Larry at 1:47 PM - permalink 0 comments

Small Business Reading Room

Delaware Corporation Franchise Taxes due March 1, 2005

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