FRANCHISE TAXES
Corporations incorporated in Delaware but not conducting business in Delaware are not subject to corporate income tax, but do have to pay Franchise Tax [30 Del.C, Section 1902(b)(6)] administered by the Delaware Department of State.
Any corporation that is incorporated in Delaware (regardless of where you conduct business) must file an Annual Franchise Tax Report and pay Franchise Tax for the privilege of incorporating in Delaware.
Franchise Taxes and annual Reports are due no later than March 1st of each year.
An annual Franchise Tax Notification is mailed directly to the corporation's registered agent. Blank Franchise Tax Returns are not available. The Delaware Division of Corporations will require 2007 Annual Franchise Tax Reports (due March 1, 2008) to be filed electronically.
Franchise Tax is not an income tax. The minimum Franchise Tax is $35 with a maximum of $165,000. For example: For no par stock with the number of authorized shares less than 3,000, the annual fee is $35. Less than 5,000 shares the fee is $60 and so on.
For more detailed information and an incorporating package, please contact:
By E-Mail DOSDOC_WEB@state.de.us
Or
The Delaware Department of State
Division of Corporations
PO Box 898, Dover, Delaware 19903
(302) 739-3073
Or Website corp.delaware.gov
