What’s Delaware Franchise Tax, When to Pay It?

Franchise Tax is the fee required by the state of Delaware so individuals can own a Delaware company. It is just needed by the state of Delaware to keep the good standing status of your company.

LLC’s and INC’s are to pay franchise tax in the State of Delaware, even if there is not any income for the tax year. The deadline for LLC’s is June 1st and March 1st for INC’s.

 

 

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