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Delaware Annual Reports & Franchise Tax

Stay compliant with Delaware's annual requirements. We manage deadlines, filings, and payments so your business remains in good standing.

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We are not a law firm and do not provide legal advice. No attorney–client relationship is formed.

Delaware Annual Requirements

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Delaware LLCs

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Annual LLC Tax: $300

Flat annual tax due each year by June 1st

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No Annual Report Required

Delaware LLCs do not need to file annual reports

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Penalty for Late Payment

$200 penalty plus interest for late payments

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Delaware Corporations

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Annual Report Due March 1st

Must report officers, directors, and business information

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Franchise Tax

Calculated by Authorized Shares or Assumed Par Value method

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Strict Deadline

Penalties and interest apply for late filings

Delaware Corporation Franchise Tax Calculation

Authorized Shares Method

Based on the number of authorized shares in your Certificate of Incorporation.

  • • Up to 5,000 shares: $175 minimum
  • • 5,001 - 10,000 shares: $250
  • • Each additional 10,000 shares: $85
  • • Maximum annual tax: $200,000

Best for: Companies with standard share structures

Assumed Par Value Method

Based on assumed par value of issued shares and gross assets.

  • • Minimum tax: $400
  • • Calculated using complex formula
  • • Considers total gross assets
  • • May result in lower tax for some companies

Best for: Companies with many authorized shares but few issued shares

💡 Pro Tip

Delaware allows you to choose the calculation method that results in the lower tax. Our team can provide administrative resources; consult a licensed attorney for legal advice to determine which method saves you money.

How We Help You Stay Compliant

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Deadline Tracking

We monitor all your compliance deadlines and send advance reminders so you never miss a filing.

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Report Preparation

Our team prepares and files your annual reports with accurate information and proper documentation. For legal advice, consult a licensed attorney.

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Payment Processing

We handle payment of state fees and taxes, ensuring timely submission and good standing maintenance.

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Tax Optimization

We calculate franchise tax using both methods and choose the option that minimizes your tax liability.

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Penalty Avoidance

Our proactive approach helps you avoid costly late fees, penalties, and loss of good standing status.

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Compliance Dashboard

Access your compliance status, filing history, and upcoming deadlines through our client portal.

Consequences of Non-Compliance

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Late Fees and Penalties

Delaware imposes significant penalties for late filings, including $200 penalties for LLCs and escalating penalties for corporations.

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Loss of Good Standing

Failure to file required reports or pay taxes results in loss of good standing status, affecting your ability to conduct business.

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Administrative Dissolution

Continued non-compliance can lead to administrative dissolution, effectively terminating your business entity.

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Business Disruption

Non-compliant entities may face restrictions on business activities, banking relationships, and legal proceedings.

Important Delaware Compliance Dates

2024 Calendar

March 1, 2024 Corporation Annual Reports & Franchise Tax Due
June 1, 2024 LLC Annual Tax Due ($300)

2025 Calendar

March 1, 2025 Corporation Annual Reports & Franchise Tax Due
June 1, 2025 LLC Annual Tax Due ($300)

📧 Never Miss a Deadline

Sign up for our compliance service and receive automatic reminders 60, 30, and 15 days before each deadline.

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