How do i pay my delaware llc annual fee

The Delaware Franchise Tax is $3per year, due on June 1. Delaware LLCs do not pay a franchise tax or file an annual report. Foreign Corporations must file an Annual Report with the Delaware Secretary of State on or before June each year. If the Annual Report and remittance is not received by the due date, a $125.

Such a fee stems from the state’s Annual Franchise tax, which is the right or privilege to conduct business in the state. The tax is usually due on June 1.

In addition, doing business in Delaware comes with a number of added fees. How much does a non profit pay in Delaware? How do I pay taxes in Delaware?

The LLC annual fee is an ongoing fee paid to the state to keep your LLC in compliance and in good standing. Said another way: you have to pay this. Failure to pay the annual fee will result in the state dissolving (shutting down) your LLC. The annual report fee is $per year.

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Pay the Delaware Franchise Tax and Delaware Annual Report Fee. Submit the required fees. Payment can be submitted with electronic check or credit card.

The minimum Delaware franchise tax fee is $1with a $filing fee. All corporations incorporated in the State of Delaware are required to file an Annual Report and to pay a franchise tax. Exempt domestic corporations do not pay a tax but must file an Annual Report. The Annual Report filing fee for all other domestic corporations is $50.

Then your LLC must: Pay the $8annual tax By the 15th day of the 4th month after the beginning of the current tax year. Domestic corporations must file by March or face a $2penalty, and a 1. The $3tax must be paid by every LLC formed in Delaware , regardless of income or business activity. The first is Delaware franchise tax, which is $3due annually on June 1st.

It is first due the calendar year after your LLC is formed. The franchise tax is a flat rate required to keep the entity active in Delaware. They only have to pay their annual franchise tax of $3and maintain a registered agent in the Delaware.

Although Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware do not file an Annual Report, they are required to pay an annual tax of $300. Taxes for these entities are due on or before June 1st of each year. Penalty for non-payment or late payment is $200.

Interest accrues on the tax and penalty at the rate of 1. The amount a corporation must pay depends on whether the for-profit corporation issues stock and the method of calculating the tax. There is no proration of the filing fee if the LLC , LLP, or partnership has a short tax year for federal purposes. What is a single-member Limited Liability Company ( LLC )? A single-member LLC can be either a corporation or a single-member “disregarded entity. I have an LLC in Illinois that was not profitable and I missed the window to pay the annual report filing fees.

I got a letter in the mail saying that I need to pay the $2filing fee plus $3late fee , plus an additional $1fee if I wish to dissolve the LLC. When an entity has failed to pay their yearly taxes or maintain a Registered Agent, it may fall into a status other that good standing. To return your entity back into a good standing status, the Delaware Code requires that certain documents be filed and all back taxes and filing fees paid.