Annual report & franchise tax for Delaware corporations: due date, fee, and late penalty

Annual report & franchise tax

Due

March 1 each year; the report and the tax are filed together, with no extensions. Corporations owing $5,000 or more pay in quarterly estimated installments instead.

First one

First report and tax due March 1 of the year after incorporation, covering the partial formation year.

Fee

$50 annual report fee, plus franchise tax under whichever of two methods yields the lower bill - the authorized shares method (minimum $175) or the assumed par value capital method (minimum $400), capped at $200,000 for most corporations.

Frequency

Annual

If it is late

$200 for failing to file and pay by March 1, plus 1.5% monthly interest on the unpaid tax and penalty. The charter is voided after a year of nonpayment.

File on Delaware's site