Delaware compliance flowchart creation

Key findings for creating a Delaware compliance flowchart:

Key findings for creating a Delaware compliance flowchart:

Registered Agent

Delaware requires every entity to maintain a registered agent with a physical Delaware address.

Delaware LLCs

No annual report required, but LLCs, LPs and GPs must pay a flat annual tax of $300 due June 1 each year; penalty $200 and interest 1.5% per month for late payment. 3) Delaware Corporations: Must file Annual Report and pay franchise tax by March 1 each year. Minimum tax $175 (Authorized Shares) or $400 (Assumed Par Value), maximum $200,000 (or $250,000 for Large Corporate Filers); estimated tax payment schedule for taxpayers owing $5,000+; $200 penalty for late filing and interest 1.5% per month. 4) Foreign entities: Foreign corporations file Annual Report by June 30 and fee $125; foreign entities must qualify to do business in Delaware (foreign qualification) and maintain registered agent.

Formation filings

Certificate of Formation (LLC) and Certificate of Incorporation (corporation) filed with Division of Corporations; typical state filing fees and expedited services available.

Operating Agreement

Not required to file, but strongly recommended and privately maintained.

Business licenses and registrations

General business license and other state/local licenses may be required; register for state taxes, unemployment, workers’ comp as applicable; One Stop Business Registration. 8) BOI/FinCEN CTA: The Corporate Transparency Act (effective Jan 1, 2024) requires reporting of beneficial owners to FinCEN for covered entities; include guidance to determine reporting obligations and deadlines. 9) Practical steps for a compliance flowchart: formation -> designate registered agent -> obtain EIN and state business license(s) -> determine entity-specific ongoing filings and taxes (LLC: pay $300 by June 1; Corporation: file annual report & pay franchise tax by Mar 1) -> recordkeeping, amendments, foreign qualification, dissolution, and BOI filing.