What is a Delaware Annual Report and Franchise Tax Report?
- All domestic corporations formed in Delaware are required to file an Annual Report and to pay a franchise tax each year.
- Annual Reports are a mandatory to file all domestic corporations formed in Delaware.
- Franchise taxes and annual report file in the state of Delaware to do business in the state of Delaware and it does not calculate based on your income. Franchise taxes in Delaware do not represent that you have a franchise business.
What is the due date to file Delaware Annual Report Filings?
Annual Report and franchise tax due date is March 1st.
Does a newly formed entity have to file an Initial Report in the state of Delaware?
No, State of Delaware does not have an Initial Report requirement to do business in Delaware.
What are the due dates to file franchise taxes and annual reports in Delaware?
- Delaware corporations March 1st.
- Delaware Benefit corporations March 1st.
- Delaware foreign corporations June 30th.
- Delaware non profit corporations March 1st.
- Delaware Limited Liability Companies June 1st.
- Delaware Foreign Limited Liability Companies June 1st.
- Delaware General and Limited Partnerships June 1st.
- Delaware Limited Liability Partnerships June 1st.
Difference between Franchise Taxes and Annual Reports in Delaware
The Delaware annual report is combined with franchise taxes.
How to file a Delaware Annual Report?
You can file Delaware Annual Report online and generally Delaware secretary of state issue notices to each entity before the due date. You should also mark your calendar for the due date.
What happens if I do not file Delaware franchise taxes with annual report?
- Your Delaware entity will be administratively dissolved
- You have to file reports with late filing penalties and interest
