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How to apply for a withholding tax scheme?

If you are liable for paying withholding tax in the State of Delaware, you are required to open to withholding account. To this, you have two ways to do it. You can either (i) register to the One-Stop Business Licensing and Registration system or (ii) fax or mail the Form Combined Registration Application for State […]

Internet Sales & Tax

The Internet has been a productive environment for many entrepreneurs. Naturally, this raises the question of whether how to tax the businesses operating on the Internet. Some U.S. states have already enacted relevant legislation to regulate the sales occurred online; however, Delaware is yet to be one of such states. Further, there are no specific […]

Incorporating and Dissolving Companies in Delaware

Home to more than 1 million legal entities, including the most well-known trans-national corporations, Delaware is known for its business-friendly environment and state practices. Its laws and efficient state offices allow for quick incorporation with minimal requirements. One such condition is the annual Franchise tax, which is based on the number of authorized shares of […]

Non-Profit Corporations

Non-profit organizations encompass a broad spectrum, including, among others; Fraternal beneficiary societies, orders or associations, cemetery corporations, and corporations organized or trusts created for religious, charitable, scientific, or educational purposes or the prevention of cruelty to children or animals, homeowner associations, etc.
To be registered as a non-profit corporation in Delaware, the company must be ;
– […]

Corporate Income Tax

State Corporate Income Tax is one of the central taxes collected from the business by the State of Delaware. In principle, every domestic or foreign corporation doing business in Delaware, saving certain exemptions under the law, is liable to file a tax return irrespective of the amount of income earned. Taxpayers are required to register […]

Gross Receipts Tax

Gross Receipts Tax is a tax imposed on businesses on their total gross revenues, irrespective of their source. This tax is levied on the seller of goods or services, instead of the consumer. As a result, business owners are the ones liable to pay this tax, not the customers. If you engage in business in […]

Franchise Taxes

Apart from other federal and State level taxes, any company incorporated in Delaware are liable to file an Annual Franchise Tax Report and pay Franchise Tax annually for being incorporated within the State. This also includes companies incorporated in Delaware but not conducting business in Delaware as well. As for the exempt companies, even though […]

Business Licenses

Persons and entities who substantially engage in trade or business in Delaware -including the ones located in Delaware but conducting business outside of Delaware- are required to obtain a business license from the Delaware Division of Revenue, and such permit must be present at the time business commences. To determine whether you are required such […]

Non-US-Tax-payments
Non-US Resident Taxation

Non-US Resident Taxation The obligation to pay taxes in the U.S. is not exclusive to the U.S. citizens. If you fulfill certain criteria, you, as a non-U.S. citizen, might be well liable to pay taxes and to file tax returns. Depending on your residency status or how much time you spend in the U.S., you […]

tax return papers
Non-Resident Alien Taxation

Non-Resident Alien Taxation For non-U.S. resident business owners and partners who in fact run a business in the U.S., taxation might raise as a major question. Since taxation is one of many indicators whether the investment in the U.S. is worthwhile, it is essential to understand how the U.S. taxation system approaches non-resident aliens. It […]

form5472
FORM 5472

FORM 5472 If your U.S. corporation is owned significantly by non-U.S. persons and also involves with foreign related parties, you would want to miss file Form 5472. Although not an actual tax return, Form 5472 is an informational form to be submitted to the Internal Revenue Service (“IRS”) annually for the U.S. companies with foregoing […]

form1040
Form 1040NR

Form 1040NR For non-U.S. resident business owners and partners who in fact run a business in the U.S., taxation might raise as a major question. Since taxation is one of many indicators whether the investment in the U.S. is worthwhile, it is essential to understand how the U.S. taxation system approaches non-resident aliens. It is […]

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Delaware Company Renewal

When an entity has failed to maintain a Registered Agent or failed to pay their yearly tax, they may fall into a status other than good standing. To get the entity back into good standing, the Delaware Code requires that certain documents are filed and all back taxes and filing fees are paid. You may obtain […]