Harvard Business Services, Inc

As your Registered Agent, we will send you tax reminders both by mail and email, well in advance of the due date. We offer a tax filing service for a small fee in addition to your Franchise Tax amount. For a discounted rate you can submit your Delaware Franchise Tax payment via our online Franchise Tax form. The online fee will vary depending on when the online payment is submitted. The annual franchise tax is required and paid to the state of Delaware.

When are franchise taxes due for my Delaware corporation?

Harvard Business Services, Inc. guarantees your annual Delaware Registered Agent Fee will remain fixed at $50 per company, per year, for the life of your company. The Franchise Tax for a Delaware LLC or a Delaware LP is a flat annual rate of $300.

1. Along with your business’s annual Delaware franchise tax, your business is required to submit a Delaware annual report.
2. The names of the owners, LLC members and managers are not required to be made public.
3. As long as your issued shares constitute a third to half of your authorized shares, this method will save you money.
4. There are other states, such as Nevada, that also do this.

What Do I Submit with Payment?

By not requiring more information, businesses that file their franchise tax in Delaware can maintain privacy. The names of the owners, LLC members and managers are not required to be made public. If your Delaware franchise tax is submitted late, a $125 late fee and interest fee of 1.5 percent will be charged.

Yes, regardless of your Delaware company activity or not conducting business, you are still required to pay the Delaware Franchise Tax to remain in Good Standing. If your company is no longer active and you wish to close your business, be sure to follow the proper steps to Dissolve a Corporation, or Cancel an LLC. Delaware LLC Franchise Taxes are due by June 1 of every year. The limited partnership (LP) Franchise Tax is also due by June 1 of every year. If the tax is not paid on or before June 1, the state imposes a $200 late penalty, plus a monthly statement of comprehensive income interest fee of 1.5%.

When you submit your Delaware franchise tax payment, you’ll also need to submit an annual report. The Delaware franchise tax is beneficial to corporations because it is a simple process to submit and calculate payment. The Delaware franchise tax is also beneficial to businesses as it is a small fee in comparison to other states. Non-stock or non-profit companies are considered exempt from tax in Delaware. These types of companies must file an annual report fee.

How Do I Pay My Delaware Franchise Tax?

This type of company does not pay the standard annual Delaware Franchise Tax, but must still file and pay the annual report fee of $25 per year. Paying a franchise tax is how to calculate straight line depreciation a legal requirement for business incorporated in the state of Delaware. Failure to pay the annual franchise tax can result, in penalties, fines, or even the loss of right to conduct lawful business.

Your Delaware franchise tax is due on June 1 for an LLC. The limited partnership or LP franchise tax is also due on June 1. For questions, contact the Harvard Business Services, Inc. The methods of calculating Delaware Franchise Tax are detailed below.

Is My Delaware Franchise Tax the Same As My Annual Registered Agent Fee?

The annual Registered Agent Fee is a fixed amount paid to Harvard Business Services, Inc. to act as an agent for your entity in the state. Corporations, LLCs and LPs are taxed in arrears, meaning the tax due by each due date is for the previous calendar year. The franchise tax is due even if the business didn’t conduct any activity or lost money. If your company is no longer operating, it’s important to close your Delaware business and end these fees. The term “Franchise Tax” does not imply that your company is a franchise business. Franchise Tax is the fee imposed by the State of Delaware for the right or privilege to own a Delaware company.

To use this method, you must supply the company’s total gross assets and the total number of issued shares. When paying the annual report fee, corporations are sorted into two categories. Along with your business’s how to read financial report notes for pension and retirement benefits annual Delaware franchise tax, your business is required to submit a Delaware annual report.

Categorised in: Bookkeeping

This post was written by admin