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Why are companies filed in Delaware?

The state offers some tax benefits. Delaware doesnt impose income tax on corporations registered in the state which dont do business in the state. Also, shareholders who dont reside in Delaware need not pay tax on shares in the state. For these reasons, Delaware is sometimes referred to as a tax haven.

Does Delaware have an Annual Report?

Delaware domestic corporations must file a fully completed annual report and pay both the annual report filing fee and franchise tax by Tuesday, March 1st, 2022.

Does Delaware LLC have a filing fee every year?

Although Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware do not file an Annual Report, they are required to pay an annual tax of $300.00. Taxes for these entities are due on or before June 1st of each year. Penalty for non-payment or late payment is $200.00.

Why does everyone file LLC in Delaware?

Delaware is often considered one of the best states to form an LLC because it has limited fees and tax obligations. In fact, many businesses choose to form an LLC in Delaware even if they dont intend on doing business in Delaware.

What is Delaware filing fee?

Delaware LLC filing fees include $90 that youd have to pay to the state for filing your Certificate of Formation. If you want to expedite the process, you need to pay an extra fee of $100 for same-day processing or $50 for the 24-hour service.

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