Filing a Delaware Annual Report
The Delaware annual report filing by a limited liability company, corporations, and other businesses is required by law although some forms of businesses need to file an annual tax instead of the annual information report. Every domestic and foreign corporation that has been organized under the laws of this state and has obtained the right to transact or carry on business in this state will have to file the annual report along with a franchise tax pursuant to 2 DE Code § 502 (2014 through 146th Gen Ass) and 2 DE Code § 515 (2014 through 146th Gen Ass). The filing should be done prior to the Delaware annual report due date. Some of the important aspects to consider while filing this report include the filing due date, where to file and the applicable fee.
Steps to file the Delaware annual report
The Delaware annual report filing process may look complicated, hence the necessary guidance required towards filing it. It is always beneficial to use a professional company with years of experience in filing Delaware annual reports as it can help you to avoid any potential problems. We are offering this service and we will gladly help you with it. If you are interested in the filing of the Delaware annual report process then the following information will provide the necessary guidance.
Step#1: Go to Delaware Division of Corporation website
The website of the Delaware Division of Corporation provides comprehensive information pertaining to the annual report filing along with the fee and Delaware annual report due date. The annual report can only be filed online using the Delaware Corporations Information System: DCIS-eCorp.
Step#2: Enter business entity file number
In order to file the Delaware annual report online, you will need to provide the 7 digit Business Entity File Number. This file number is issued by the state of Delaware to each new business at the time of incorporation or formation. It is a 7-digit number that is used for identifying your company and also filing the Delaware annual report information with the Division of Corporations. You will be able to locate this number on your Certificate of Incorporation or Certificate of Formation.
Step#3: Enter corporate information
In order to facilitate the Delaware annual report filing, you will be required to enter specific corporate information like:
- Exact legal name of the business entity
- Total number of authorized shares
- Class and par value of the shares
- Principal business address and phone number
- Name and address of an officer
- Names and addresses of all Directors
Step#4: Pay franchise tax and annual report fee
The final step towards filing Delaware annual report information is to submit the report fee and also pay franchise tax. The annual report fee for non-exempt corporations is $50 and that of exempt corporations is $25. The fee for foreign corporations is $125. The franchise tax will differ based on the type of corporation. For example, the franchise tax for a non-exempt non-stock corporation is $175. If your company is a non-exempt stock corporation then the franchise tax will be calculated using the Authorized Shares Method or the Assumed Par Value Capital Method. The minimum tax is $175 for Authorized Shares Method and $400 using the Assumed Par Value Capital Method. The maximum tax using either method is $200,000.
Alternatively, you can take advantage of our entity management software as it helps in tracking the annual requirements of your company and thus ensure Delaware annual report filing on time. We will not only help you to file your annual report but also ensure you are able to submit correct Delaware annual report information.
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