When you form a corporation, the number of authorized shares and the par value will play a role in what your company will pay for the annual Delaware Franchise Tax. Most start-up companies are typically formed with a small number of authorized shares and a low (or zero) par value.... Continue Reading
Posted In: About Franchise Tax
Delaware companies risk being voided if annual franchise taxes go. A voided entity cannot obtain critical documents like Certificates of Good Standing. Though business activities remain valid, the name becomes available for new use. Don't panic - reinstatement is possible through renewal filings and paying back taxes/fees. Learn the straightforward process for restoring your voided Delaware company to good standing.... Continue Reading
Posted In: About Corporations
Regardless of the reason you may need to amend your company stock, if you own a Delaware company, you possess the ability to quickly and easily make changes to your business entity’s charter in order to meet your needs.... Continue Reading
Posted In: Business Strategies
In some situations, a business owner may seek to have their Delaware Registered Agent resign upon the business entity. This course of action is not the same as filing a formal certificate; it will put the company into a forfeit status with the state.... Continue Reading
Posted In: Business Strategies
If you have a Delaware Limited Liability Company (LLC), series LLC or Limited Partnership (LP), then the date of June 1 is critical to your business entity. June 1 is the deadline for paying you company’s annual Franchise Tax fees.... Continue Reading
Posted In: About Franchise Tax
If you have a corporation – not a Limited Liability Company (LLC) or Limited Partnership (LP) – incorporated in the state of Delaware, then March 1 is the deadline for filing and paying the annual Franchise Tax.... Continue Reading
Posted In: Business Strategies
Delaware law dictates that every Delaware company (whether a corporation, LLC, LP, non-profit corporation or a public benefit corporation) must appoint a Registered Agent. Whether you are forming a new business entity or need to find an alternate Registered Agent for an existing company, there are plenty of Delaware Registered Agents available.... Continue Reading
Posted In: Business Strategies
Learn how to check on the status of your Delaware LLC or Corporation and obtain a Delaware Certificate of Good Standing (also known as a Certificate of Existence). Perhaps you are applying for a bank loan or filing for Foreign Qualification in another state. Maybe you are entering into a contract with a third party, or maybe your corporation is merging with another corporation.... Continue Reading
Posted In: Compliance
Are you closing your Delaware LLC or corporation? Do it by Dec. 31st! By filing your cancellation or dissolution by the end of the year, you’ll avoid having to pay the next year's franchise tax.... Continue Reading
Posted In: Business Strategies
Here are answers to 10 common Delaware corporation & LLC Franchise Tax questions.... Continue Reading
Posted In: About Franchise Tax
Regardless of whether you're filling your taxes directly with the state of Delaware or using our secure online payment, keep these nine common mistakes in mind.... Continue Reading
Posted In: About Franchise Tax
Every company (no matter what type of business entity) formed in Delaware is required to have a Registered Agent in this state. If you live in Delaware, you are allowed to be your own agent, but this is not always the best idea.... Continue Reading
Posted In: Business Strategies
In the past, the state has allowed amended Annual Reports to be filed at no additional charge. However, starting September 1, 2019, the Delaware Secretary of State will impose a $50 fee for every amended Annual Report that is filed ($25 for an exempt company).... Continue Reading
Posted In: About Franchise Tax
The Delaware General Assembly passed House Bill 175, which affects some taxes and fees imposed by Delaware’s Secretary of State. All the amendments have been approved. Some are already in effect and some will not be applicable until January 1, 2018.... Continue Reading
Posted In: About Franchise Tax
Our Franchise Tax Calculator can compare the amounts due between different Delaware entity types, and to calculate your Delaware company's Franchise Tax.... Continue Reading
Posted In: About Franchise Tax