Why June 1st Is an Important Deadline for Delaware LLCs

If you have a Delaware Limited Liability Company (LLC), series LLC or Limited Partnership (LP), then the date of June 1 is critical to your business entity. June 1 is the deadline for paying your company’s annual Franchise Tax fees. 

The State of Delaware typically does not extend the franchise tax due date or offer grace periods under any circumstances. This includes when the deadline falls on a weekend day, as well as other unique or unforeseen situations.

Please note that this deadline only applies to companies formed in the previous calendar year or earlier. For any LLC/LP filed during the current calendar year, the $300 Delaware Franchise tax is due June 1st of next year for the first time.

Every LLC and LP formed in the state of Delaware is required to pay the Franchise Tax fee annually in order to be compliant. The minimum amount due for the Franchise Tax is $300 per entity, per year. If the Franchise Tax filing is not received by the deadline, the state of Delaware will automatically add a $200 late penalty, plus 1.5% interest per month. The state also affirms that proraction does not apply to alternative entity taxes.

Also, any Series LLCs associated with the main entity are also required to pay an annual tax on June 1st. These taxes are separate and in addition to the tax on the main entity and start at $75 for each additional series LLC or business entity. These can also incur a $75 fee, plus interest if the payment is not made on time.

We offer a service to assist with the filing of your annual Franchise Tax for an additional fee.  Please be conscious of the June 1st Franchise Tax due date, as you may need to submit your payment soon. You can pay quickly and easily on our Payments page.

Every year we process thousands of Franchise Tax filings with the state of Delaware in a timely manner. In order to accomplish this, we must enforce a strict deadline. This allows us to accurately process all filings in our possession before the state’s deadline.

Here's how our deadline processing typically works:

• For several days leading up to the June 1st deadline, our office will be accepting Franchise Tax payments online, via fax, email or telephone during regular business hours.
   
• On June 1st, our staff will be available until 5 pm EST to assist with any payments or questions. After that, we will only be able to accept payments online until 8 pm EST.

If you are unable to make your Delaware Franchise Tax payment during our noted hours, your Franchise Tax filing will need to be paid directly through the state of Delaware’s website. You will need to contact their office directly in order to make your payment and filing arrangements.  Their contact details are:

Website: corp.delaware.gov

Telephone: 302-739-3073

If you have any questions about LLC/LP Franchise Tax or the deadline, please call our office at 1-800-345-2677 or 1-302-645-7400, Ext. 6904. You can also email your questions.