State of Delaware Late LLC/LP Tax Notice

By Amy Fountain Monday, July 20, 2015

Delaware Annual Franchise Tax for LLCs and LPS was due June 1, 2015

late franchise tax notice

If you have a Delaware Limited Liability Company (LLC) or Limited Partnership (LP), you should have paid the annual Franchise Tax by June 1, 2015.  Harvard Business Services, Inc. recently mailed notices to those LLC/LP companies that did not make timely payment arrangements for this annual obligation.

 

The Franchise Tax filing is due for all Delaware LLCs and LPs by June 1 of every year, regardless of whether your LLC or LP showed any profit or loss, conducted any business activity, obtained an Employer Identification Number (EIN), opened a bank account or filed a federal tax return. In short, the annual LLC and LP Franchise Tax must be paid every year.

 

 

The annual Franchise Tax fee is calculated at a flat rate of $300 per LLC/LP. If payment arrangements are not made by the June 1 deadline, the state of Delaware imposes a $200 late penalty, plus 1.5% monthly interest. In addition, the LLC/LP is placed into a ceased good standing status. 

 

This means the Delaware Secretary of State will not allow the LLC/LP to obtain an official Certificate of Good Standing document. In addition, the LLC/LP will not be able to file any changes to the corporate structure—such as a name amendment, a cancellation or a merger—until the outstanding Franchise Tax fees are paid.

 

Harvard Business Services, Inc. can assist with your LLC/LP Franchise Tax filing if you have not yet taken care of it. Harvard Business Services, Inc. offers a filing service for only $59 plus the cost of the outstanding Franchise Tax fees. We will ensure the annual Franchise Taxes are filed with the state of Delaware so the good standing status of your LLC/LP is restored.

 

We can provide Franchise Tax filing services for any Delaware company, even if Harvard Business Services, Inc. is not your Registered Agent.

 

When you are ready to proceed with your Franchise Tax filing, the easiest and quickest way to get started is online. Filing and payment arrangements for the services can be made quickly and efficiently via our secure website at www.delawareinc.com/payft/.  You can pay using a debit or credit card or a valid PayPal account.

 

You can also pay via telephone if you call our office at 1-800-345-2677 or 1-302-645-7400, Ext. 6904 with your debit or credit card details.

 

As always, Harvard Business Services, Inc. is also available via email at payments@delawareinc.com for any additional questions or concerns you may have.

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