Small Business Reading Room

Wednesday, December 01, 2010

Changes To Delaware Franchise Tax Amounts

It's Franchise Tax Season again!

There have been important amendments to Delaware law, this year, which affect the franchise tax for corporations. These changes are retroactive to 1/1/2010. Listed below are some of the key points of the change. For more information, open the link to our notice here.


The 2010 Delaware Corporate Franchise Tax and Annual Report are due by MARCH 1, 2011.

Recent legislative changes in Delaware General Corporation Law affect the annual minimum tax for corporations. The minimum tax for corporations using the Authorized Shares Method remains $75, while the minimum tax for corporations using the Assumed Par Value Capital Method increases to $350.


The 2010 Delaware LP/LLC/GP Franchise Tax is due by JUNE 1, 2011.

The alternative entity tax of $250 is unchanged. Any entity which fails to submit the total tax amount due by the June 1, 2011 filing deadline will be assessed a late penalty and/or interest charges by the State of Delaware.

Limited Partnerships, Limited Liability Companies and General Partnerships are not required to file an annual report but are still responsible to pay the franchise tax.

Did you know that Delaware Intercorp, Inc.'s EZ File link can assist you with making your annual report and tax filing easy?


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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!"

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