what happens if you don't pay delaware franchise tax

If you don’t pay the Delaware Franchise Tax and file the Annual Report for two straight years, the State of Delaware will administratively dissolve the Corporation. If you have any questions about forming your new Delaware LLC, LP, or Corporation, give us a call today. You may have a special case if any … Special Cases for Delaware Franchise Tax. The Franchise Tax for a Delaware LLC is due by June 1 of every year. If the tax is not paid on or before March 1, the state imposes a $200 late penalty, plus a monthly interest fee of 1.5 percent. What happens if I don’t pay my Delaware Limited Liability Company franchise tax? You should file the report online .

By Amy Fountain Monday, August 3, 2015 What Happens If Your Delaware Company is Voided? All corporations incorporated in the State of Delaware are required to file an Annual Report and to pay a franchise tax. The Delaware Division of Corporations will require all Annual Franchise Tax Reports and alternative entity taxes to be filed electronically. Exempt domestic corporations do not pay a tax but must file an Annual Report. "Void" status will prevent you from obtaining a certificate of good standing.

You will also be charged a 1.5 percent monthly interest on the amount due. The Annual Report … The tax amounts and due dates vary, depending on the business entity type. In order to keep a business entity in good standing status in the state of Delaware, an annual Franchise Tax Fee must be paid. In addition, interest and penalties will accrue until your franchise tax is paid up to date.

Furthermore, if you do not pay your Delaware Franchise Tax for three consecutive years for LLC/ LP (for two consecutive years for Delaware Corporations), the State of Delaware will dissolve the Corporation. An officer of the company must enter and confirm the necessary information, which includes the physical address/location of the corporation, address of the registered agent in Delaware, a list of all directors and at least one officer, issued shares, and gross … If your LLC or corporation has become VOID, you'll need to renew and revive your … Failure to pay a Delaware franchise tax for your corporation or LLC will eventually cause your company to be marked as "void" with the State of Delaware. The limited partnership (LP) Franchise Tax is also due by June 1 of every year. My Delaware Corporation Was Voided. A company must pay its taxes by filing an annual report with the Secretary of State of the State of Delaware. If you don't file your Delaware franchise tax on time, you will be charged a late fee. It will also prevent the business from getting a certificate of good standing and may eventually lead to your business declared void by the State. Failure to pay the franchise tax by the deadline will result in $200 penalty and interest charges assessed by the State of Delaware at the rate of 1.5% a month. Now What? The late fee is a $125 penalty. If you have pre-sales questions, Call us + 1 302 310 …

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