Aug

State of Delaware Late LLC/LP Tax Notice

2012

If you have a Delaware Limited Liability Company (LLC) or Limited Partnership (LP), then you should have paid the annual franchise tax by June 1, 2012. Harvard Business Services, Inc. recently mailed notices to those LLC/LP companies that did not make timely payment arrangements for this annual obligation.

The franchise tax filing is due for all Delaware LLC’s and LP’s by June 1 of every year. Regardless of whether your LLC/LP had any profit or loss, conducted any business activity, obtained an Employer Identification Number (EIN), opened a bank account, filed a Federal Tax Return, etc., the annual LLC/LP franchise tax must be paid each year.

The franchise tax fee is calculated at a flat rate of $250 per LLC/LP annually. If payment arrangements are not made by the June 1 deadline, then the State of Delaware imposes a $200 late penalty plus 1.5% monthly interest. In addition, the LLC/LP is placed into a ceased good standing status. This means the Delaware Secretary of State will not allow the LLC/LP to obtain an official Certificate of Good Standing document. In addition, the LLC/LP will not be able to file any changes to the corporate structure until the outstanding franchise tax fees are paid. These changes include a name amendment, a cancellation, a merger and other such type filings.

Harvard Business Services, Inc. can assist with the LLC/LP franchise tax filing if you have not taken care of it yet this year. We offer a filing service of only $59 plus the cost of the outstanding franchise tax fees. We will make sure that the annual franchise taxes are filed with the State of Delaware so your LLC/LP is restored back into a good standing status.

We can provide franchise tax filing services for any Delaware company, regardless if Harvard Business Services, Inc. is the registered agent or not.

When you are ready to proceed with the franchise tax filing, the easiest and quickest way to get started is by going online. Filing and payment arrangements for the services can be made via our secure website at www.delawareinc.com/payft. You can pay using a debit or credit card or a valid PayPal account. Alternatively you can telephone our office at 1-800-345-2677 or 1-302-645-7400, extension 6901 with your debit or credit card details.

As always, we are also available via email at franchisetax@delawareinc.com for any additional questions or concerns you may have.