Why June 1st Is an Important Deadline for Delaware LLCs

By Amy Fountain Monday, May 27, 2019

ftIf 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

It is important to note that even if June 1 falls on a Saturday or Sunday, the state of Delaware will not extend the deadline to the next business day.  All LLC/LP Franchise Tax payments need to be made by this due date, regardless of whether it is on a weekend.

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 the 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 interest.

We offer a service to assist with the filing of your annual Franchise Tax for an additional fee. If you have not yet paid your Delaware Franchise Tax, you need to take care of this today. 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 deadline our office will be accepting Franchise Tax payments online, via fax, email or telephone during regular business hours.
     
  • If the deadline is on a weekday, on the day of the deadline, we accept the same payment methods for only part of the day, typically until early afternoon in Eastern time. Then we will begin accepting payments online ONLY until 8:00 pm EST, at which point we cannot accept any additional payment of any type.
     
  • If the deadline is on a weekend, our hours are generally more restricted.

Please feel free to contact us in advance and confirm our hours for the deadline to avoid any last minute confusion or frustration.

If you are unable to make your 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.

Disclaimer

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.

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There is 1 comment left for Why June 1st Is an Important Deadline for Delaware LLCs

Hanzal Green said: Wednesday, May 29, 2019

Is it as simple as calling the office and paying by credit card?

HBS Staff replied: Thursday, May 30, 2019

Hanzal, yes, we would happy to assist you by phone. You can reach us at 1-800-345-2677, extension 6904.

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