When is the Delaware franchise tax due?

Delaware franchise tax is due annually and needs to be filed no later than March 1st annually. As a business person or entity operating your business in Delaware, it is crucial that you meet the deadline so that you remain exempt from penalties and charges of interest. At One IBC USA, we find it essential that you meet Delaware's franchise tax requirement and are dedicated to assisting you in doing so.

Delaware franchise tax applies to all the state's registered companies, both offshore and domestic. The tax depends on your company type and business structure, for instance, if your company is a corporation or LLC. The tax is calculated in two methods: the Authorized Shares Method and the Assumed Par Value Capital Method. The calculation can be complex, and the proper approach is necessary to prevent overpayment or underpayment.

Delaware requires companies to submit their franchise tax report for the year and pay the amount due by March 1st. Failure to file timely may result in penalties and interest. Additionally, failure to pay the franchise tax could lead to the administrative dissolution of your business.

For peace of mind, One IBC USA offers expert guidance to file your Delaware franchise tax. We ensure you're filed on time and with accuracy to never have to deal with penalties. Call us now to file a Florida trademark or get help to file your Delaware franchise tax.

Find more information: Managing the Delaware Corp Franchise Tax Effectively