Less than 48 hours left to file your Delaware Franchise Tax and Annual Report!

That’s right. If you are a corporation or an exempt entity, you have an annual report filing responsibility by March 1st of each year. What’s more, you may also owe a franchise tax.
And no, ‘franchise tax’ has nothing to do with owning or operating a franchise of any sort- it’s just the way Delaware indicates you need to pay a fee to renew your corporate charter. That fee may be as low as $75.00, or as high as $180,000.00. It depends on things like the total number of authorized shares and your total gross assets.

A good explanation can be found here:

Annual Delaware Franchise Tax Fees

Don’t forget to file!

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• The Delaware Business Weekly Round Up – March 1st, 2013 →