Small Business Reading Room


Monday, November 23, 2015

DELAWARE ANNUAL REPORT AND FRANCHISE TAX UPDATE



The following is a general notification of the annual report/franchise tax obligation to the State of Delaware.  We will send an additional email notification, once the franchise tax has been assessed and is payable for your entity type.
  
CORPORATIONS

The 2015 Delaware Corporate Franchise Tax and Annual Report are due by MARCH 1, 2016.

Paper copies WILL NOT be mailed. Your 2015 Delaware Annual Report and Franchise Tax notification will be sent via electronic mail to the email address of record.

The minimum franchise tax for corporations using the Authorized Shares Method remains $175, while the minimum franchise tax for corporations using the Assumed Par Value Capital Method is unchanged at $350.

Electronic filing of the Annual Report and Franchise Tax is mandatory for corporations in Delaware.  Failing to file a fully completed report, including the names and addresses of officers and directors, and remit the proper payment on or before MARCH 1, 2016 will result in penalty and/or interest charges being assessed by the State of Delaware. Additionally, it will prevent your entity from obtaining a certificate of good standing and will ultimately result in the State revoking your charter.

LP/LLC/GP

The 2015 Delaware LP/LLC/GP Franchise Tax is due by JUNE 1, 2016.

The alternative entity tax of $300 is unchanged.  Any entity which fails to submit the total tax amount due by the June 1, 2016 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 responsible to pay the franchise tax.
 
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Will your entity continue?  Unless a certificate of cancellation, dissolution or merger has been filed with the State by the end of calendar year 2015, every Corporation or LP/LLC/GP is required to file the Annual Report and/or pay the Franchise Tax.

How to pay:  Online payment will be available, once the franchise tax has been assessed, typically after January 1 for Corporations and after March 1 for LP/LLC/GP's.  The Annual Report form, used by corporations to file the Annual Report and Franchise Tax will be available on our website.  Login to our secure website, using your email address of record and password, then select Pay Franchise Tax / EZ File from our navigation menu.  Contact us if you need assistance with the process.

Are your contact details up to date?  Communicating with us is important to ensure your contact details are accurate.  If you need to change your mailing or email address of record, please inform us at contact@delawareintercorp.com.  You will be notified by email if a follow-up written confirmation is required.  Additionally, if your company does not appear in your account upon selecting: Pay Franchise Tax / EZ File, or you require a password reset, contact us at info@delawareintercorp.com.

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It is our goal to provide you with the best service for the best value!  If you have other Delaware entities that you would like to change to our service, contact us at info@delawareintercorp.com.  We will pay the Delaware State filing fee for the Certificate of Change of Agent!  Let us tell you how Delaware Intercorp can assist you with making corporate compliance easy for all of your entities under our management.

As always, we are here if you have any questions or matters with which we can assist you!

Thank you for choosing Delaware Intercorp, Inc.  
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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!"

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
Email: info@delawareintercorp.com