Delaware Corporations - Delaware LLCs
Imagine The Possibilities - Lets Get Started
In Delaware, the annual report for corporations is due on March 1st of each year. It's important to note that failure to file the annual report by the deadline may result in late fees, penalties, or even the administrative dissolution of the corporation.
The annual report can be filed online through the Delaware Division of Corporations website or by mail. The filing fee for the annual report is $50. It's recommended to file the annual report in a timely manner to avoid any penalties or consequences.
Additionally, Delaware requires corporations to pay a franchise tax by March 1st of each year. The franchise tax is based on the corporation's authorized shares or the corporation's assumed par value capital. The amount of the franchise tax varies based on the calculation method and the corporation's specific circumstances. Failure to pay the franchise tax by the deadline may result in penalties and interest charges.
Speak with IncSmart Phone: 888-681-9777 Mon-Fri 8am to 4pm PT | Speak with attorney Advice from attorney Starting $17/month |
We are very excited about helping entrepreneurs form new companies. Each state is so different when it comes to filing documents, you will know right away you are in the right place. Think Smart. Think IncSmart.
When starting a new business, there are many important decisions to make and rules and procedures to be addressed. First and foremost is how to register in Delaware.
Step 1: Starting a Business: Business Planning and Development
Step 2: Operating a Business: Registration, Compliance and DBAs
Step 3: Growing a Business: Registering in other States and Trademarks
- Appoint Registered Agent
- Form Corporation or LLC
- Apply for a Federal Tax ID
- Fund your company with a business checking account
- Apply for a business license and pay the renewal fee each year
- File your Federal Tax Returns each year
- File your State Tax Returns each year
- Include an income or loss on your Personal Tax Returns each year
- Pay your annual fees to the Secretary of State each year
- Pay your annual fees to the Registered Agent each year
- Maintain your books with resolutions each year
- Have your Annual Company Meeting each year
- Update your bylaws and operating agreement each year
- Issue stocks and membership certificates each year
Get peace of mind from top quality legal products and services for yourself and your family. With a LegalShield Legal Plan a qualified attorney will be there to assist you on an unlimited number of personal legal issues.
Delaware Business Plans
By David Lanlias USA File
Along with your Bylaws and Operating Agreement, business owners must prepare a Business Plan that includes your marketing strategies. A banker or SBA will need a Business Plan before they can help you. A good business plans will help avoid the pitfalls that occur to small companies that do not plan their future.
The marketing plan should include traditional and e-marketing. The cost of implementing your business plan should not cost you an arm and a leg. It should be proportional to your business size, volume and growth potential. This may include print advertising, radio, television, cable television and mass mailings. Your marking plan should include the development of a website.
Company owners should be honest with themselves and create a mission for the company. A mission statement should be kept close and followed. This way you can create a solution before the problem becomes insurmountable. Surround yourself with trusted advisors such as bankers, CPAs and attorneys.
Delaware Annual Fees and Taxes
By Jack Cohen USA File
After filing your entity with the Secretary of State, it is time to have your bookkeeping and tax planner in place. Income tax, payroll tax, state tax, sales tax and property tax. We are being taxed left and right and someone needs to care for your new company. Today, many businesses turn to CPAs for help. They will become a trusted advisor on major business and financial decisions. They can give advice on running and managing a business, and help manage your growth potential. Most lenders prefer financials prepared by CPAs
A CPA will show you the most effective accounting systems for your type of business. Advice on tax preparation, personal financial planning, and auditing services are important. They will also advise you on deductions and how to separate your personal and business expenses. The tax codes are complex and taxes for a business are more complicated than for an individual.
Good record keeping is an essential requirement for monitoring the financial health of your company. There is an efficient and practical way for you to keep your financial records in order. CPAs can provide services outside their home state The Uniform Accountancy Act provides
Owners of Corporations and LLCs can serve as their own Registered Agent. There are some disadvantages of being your own Registered Agent however. As the agent, you must be open five days a week during normal business hours Monday through Friday. This may prevent you from traveling and missing important deliveries. Some states charge hefty fees for changing the Registered Agent office as well.