Delaware and Wyoming are both known to be great for small businesses. Which one to choose for your new company depends solely on your priorities. For LLC type companies, Wyoming will be the choice of those who prioritize lower annual fees. If you don’t have any assets, Wyoming takes as little as $50 annually to […]
Which U.S. states have better laws for small businesses? Read More »
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
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
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In Delaware, Corporations are required to file an Annual Report and pay the Franchise Tax that is due on or before March 1 each year. If the Annual Report and taxes are not filed and paid by March 1 the following year, the corporation will be declared inoperative and void. In the next calendar year,
What Happens If I Do Not Pay My Franchise Tax? Read More »
If you are looking for a place to incorporate in the United States, Delaware is a perfect spot due to the strength of the state’s law structure. It has become a popular destination for many entrepreneurs. The state of Delaware gives the best liability protection to the members of the company. Customers from all over
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What is a Franchise Tax? Franchise Tax is merely the cost of having a business in Delaware. It is a necessary tax for the companies established in Delaware. It has nothing to do with the actions or the income of your business; it is only required to keep your business operating. When to pay? It
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“Sales Tax” is always one of the significant questions for business owners in Delaware. Should you collect sales tax when you operate in other states? To answer your questions, you can read our article or contact us via e-mail/phone. Collecting Sales Tax Online If you are operating a business with a physical shop in which
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