Franchise tax due March 1 for Delaware corporation: two methods of calculation, two vastly different results
CONTRIBUTED BYTrent Dykestrent.dykes@dlapiper.com Just a reminder to those who have Delaware corporations, your annual report and franchise tax payment are both due on March 1. At this point, you should have already received from Delaware your notification of annual report and franchise tax due, which is sent to a corporation’s registered agent in December or January of each year. Delaware requires these reports to be filed electronically. As you will notice, there are two methods that you can use to calculate the amount of Delaware franchise tax due for your corporation (i.e., the “Authorized Shares Method” and the “Assumed Par Value Capital...
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Delaware franchise tax due March 1: two methods of calculation, two vastly different results
CONTRIBUTED BYTrent Dykestrent.dykes@dlapiper.com Just a reminder to those who have Delaware corporations, your annual report and franchise tax payment are both due on March 1. At this point, you should have already received from Delaware your notification of annual report and franchise tax due, which is sent to a corporation’s registered agent in December of each year (although sometimes it does not arrive until January). Delaware requires these reports to be filed electronically. As you will notice, there are two methods that you can use to calculate the amount of Delaware franchise tax due for your corporation (i.e., the “Authorized Shares...
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