Delaware compliance expert-assisted support

Delaware annual filing & franchise tax basics: Corporations must file an Annual Report and pay Franchise Tax by March 1st each year, incurring a $200 penalty plus 1.5% interest per month for late filings.

Franchise tax minimums are $175 (Authorized Shares) or $400 (Assumed Par Value), with a maximum of $200,000, or $250,000 for Large Corporate Filers. LLCs, LPs, and GPs do not file an Annual Report but must pay an annual flat tax of $300 by June 1st, with a $200 late payment penalty and 1.5% monthly interest.

Recent (2025) Delaware statutory and filing changes: Effective August 1, 2025, registered agents must maintain a physical office with regular business hours in Delaware, making virtual/mail-forwarding-only services non-compliant.

Corporations must now list a principal place of business (not merely the registered agent address unless operating from there) and the 2025 Annual Report requires a 'Nature of Business' field. These changes necessitate reviewing registered-agent arrangements, corporate filings, and governance documents.

BOI (Beneficial Ownership Information) and FinCEN developments: FinCEN published an interim final rule on March 26, 2025, exempting entities created in the United States (domestic reporting companies) from BOI reporting under the Corporate Transparency Act.

The reporting requirement now applies only to certain foreign entities registered to do business in the U.S. Deadlines for foreign reporting companies vary based on registration date.

Delaware-formed entities generally do not need to file BOI reports currently, but this federal matter is evolving. Practical compliance checklist & expert-assisted support areas: Annually, corporations should file their Annual Report and pay franchise tax by March 1, and LLCs should pay their $300 annual tax by June 1.

All entities should confirm their registered agent is compliant with the new physical office standard and update if necessary. Corporations need to ensure their Annual Report includes a 'Nature of Business' entry and correct principal place of business.

Maintaining accurate records and contact information is crucial. Expert-assisted services include registered agents, Delaware corporate counsel (for governance documents and statutory impacts), CPAs/tax advisors (for franchise tax optimization), and compliance platforms.

Common pitfalls and risk areas for LLC founders/business owners include using non-compliant registered agents, misstating the principal place of business, missing franchise tax deadlines, not updating governance documents, and misinterpreting current FinCEN BOI rules.

It is recommended to consult Delaware counsel or a CPA for entity-specific tax optimization and legal advice, and to monitor FinCEN for any changes to the interim rule.

Delaware annual filing & franchise tax basics: Corporations must file an Annual Report and pay Franchise Tax by March 1st each year, incurring a $200 penalty plus 1.5% interest per month for late filings.

Franchise tax minimums are $175 (Authorized Shares) or $400 (Assumed Par Value), with a maximum of $200,000, or $250,000 for Large Corporate Filers. LLCs, LPs, and GPs do not file an Annual Report but must pay an annual flat tax of $300 by June 1st, with a $200 late payment penalty and 1.5% monthly interest.

Recent (2025) Delaware statutory and filing changes: Effective August 1, 2025, registered agents must maintain a physical office with regular business hours in Delaware, making virtual/mail-forwarding-only services non-compliant.

Corporations must now list a principal place of business (not merely the registered agent address unless operating from there) and the 2025 Annual Report requires a 'Nature of Business' field. These changes necessitate reviewing registered-agent arrangements, corporate filings, and governance documents.

BOI (Beneficial Ownership Information) and FinCEN developments: FinCEN published an interim final rule on March 26, 2025, exempting entities created in the United States (domestic reporting companies) from BOI reporting under the Corporate Transparency Act.

The reporting requirement now applies only to certain foreign entities registered to do business in the U.S. Deadlines for foreign reporting companies vary based on registration date.

Delaware-formed entities generally do not need to file BOI reports currently, but this federal matter is evolving. Practical compliance checklist & expert-assisted support areas: Annually, corporations should file their Annual Report and pay franchise tax by March 1, and LLCs should pay their $300 annual tax by June 1.

All entities should confirm their registered agent is compliant with the new physical office standard and update if necessary. Corporations need to ensure their Annual Report includes a 'Nature of Business' entry and correct principal place of business.

Maintaining accurate records and contact information is crucial. Expert-assisted services include registered agents, Delaware corporate counsel (for governance documents and statutory impacts), CPAs/tax advisors (for franchise tax optimization), and compliance platforms.

Common pitfalls and risk areas for LLC founders/business owners include using non-compliant registered agents, misstating the principal place of business, missing franchise tax deadlines, not updating governance documents, and misinterpreting current FinCEN BOI rules.

It is recommended to consult Delaware counsel or a CPA for entity-specific tax optimization and legal advice, and to monitor FinCEN for any changes to the interim rule.