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Franchise Tax season is a busy time at Harvard Business Services, Inc. While processing filings, we've noticed a few consistent Franchise Tax mistakes that continually pop up. Take notes on the mistakes other customers have made and make sure you don't do the same.
Franchise Tax Mistake # 1: Not filling out the form
We're not kidding--some people send it back blank. Some people write "Same as last year" across it. The state of Delaware does not accept this; you must fill out the form and answer every question. We wouldn’t ask any optional questions.
Franchise Tax Mistake # 2: Not listing your address
A physical address, not a P.O. box or the address of your Registered Agent, must be listed on the annual report.
Franchise Tax Mistake # 3: Not listing your Director information
All directors must be listed on the annual report, along with their addresses. The company may opt to list the Directors' personal addresses or business addresses.
Mistake # 4: Not checking the box for officer title
Only one officer (if the company has officers) is required to be listed. It is important that we are sure of the position of this officer.
Franchise Tax Mistake # 5: Not signing where indicated
Harvard Business Services, Inc. cannot accept an unsigned form due to official regulations beyond our control.
Franchise Tax Mistake # 6: Making the check out to the state of Delaware
When paying your Franchise Tax through Harvard Business Services, Inc., you are paying for the Franchise Tax, as the state requires, and you are also paying Harvard Business Services, Inc. a service fee. You also have the option of paying your annual Registered Agent Fee along with the Franchise Tax. If you make the check out directly to the state, we cannot pay your tax electronically and we will return your check within three business days by regular mail.
When filing online with Harvard Business Services, Inc., you can’t make a mistake--we are here to make sure of that.
Our user-friendly form allows us to obtain every piece of information we need to know in order to submit your tax filing to the state of Delaware. In fact, with payment by credit card or PayPal, we can absolutely guarantee that your Delaware Franchise Tax will be paid before the tax deadline, and absolutely no Franchise Tax errors will occur.
Our guarantee means that if you’re charged a late penalty by the state of Delaware for any reason, Harvard Business Services, Inc. will pay it for you, at our expense. (The late fee for a corporation is $200; the late fee for an LLC is $200 as well, but you will never pay a late fee if you depend on Harvard Business Services, Inc. to pay your Franchise Tax for you.)
When filing with Harvard Business Services, Inc. on the phone:
Oour first priority is to make every client a happy client. We survive because of our clients, but we thrive because of our happy clients. This is why we encourage our clients to call us anytime with questions or comments.
We do not have call centers or answering services. When you call us, one of 25 dedicated, individual Harvard team members, all working in the same office in Lewes, Delaware and all with experience of the various aspects of Delaware company formation and maintenance, will answer your call.
When paying for your Delaware Fanchise Tax over the phone, you don’t need to know your Delaware file number or anything else except the name of the company and your credit card number. We make it easy for you, because we already have all your address information in our database from your formation. We’ll confirm your address and ask if you have any address changes to make.
We can accept your payment over the phone. However, we will still require a completed annual report before the taxes can be submitted to the state of Delaware. This form will need to be emailed, faxed or mailed to us. Feel free to call us at 1-800-345-2677 with any questions about avoiding these and other common Franchise Tax mistakes.
THE AUTHOR OF THIS BLOG ARTICLE IS NOT A LAWYER AND HARVARD BUSINESS SERVICES, INC. IS NOT A LAW FIRM. THE ARTICLE ABOVE IS NOT INTENDED AS LEGAL ADVICE AND SHOULD NOT BE TAKEN AS LEGAL ADVICE. THIS SHORT ARTICLE IS STRICTLY TO MENTION SOME ASPECTS OF DELAWARE’S CORPORATION LAWS AND/OR LAWS RELATING TO OTHER FORMS OF ENTITIES WHICH YOU MAY NOT BE FAMILIAR WITH. WE RECOMMEND THAT YOU CONSULT WITH A LAWYER BEFORE FORMULATING A STRATEGY WHICH WILL BE SUITABLE FOR YOUR SPECIFIC CASE.