Delaware LLC renewal reminders

What Delaware LLCs must do each year - Pay the Delaware annual franchise tax for LLCs/LPs/GPs: flat $300, due on or before June 1 each year. This requirement applies to both domestic and foreign limited liability companies registered in Delaware. (Delaware Division of Corporations) - Delaware LLCs are NOT required to file an Annual Report with the Division of Corporations; only the $300 tax payment is required for LLCs/LPs/GPs. (Delaware Division of Corporations) 2) Payment method and where to pay - Use the Delaware Division of Corporations online payment portal (eCorp / tax payment page) to pay the annual $300 franchise tax. The Division’s page provides the payment link and instructions. (Delaware Division of Corporations) 3) Penalties, interest, and consequences for late or nonpayment - Late penalty: $200 automatically assessed for missed payment by June 1, plus interest at 1.5% per month on the tax and penalty. (Delaware Division of Corporations) - Nonpayment causes immediate loss of good standing; consequences include the Division refusing to file documents for the entity, inability to obtain a Delaware certificate of good standing, and restrictions (e.g., inability to bring suit in Delaware courts) until the entity is restored to good standing. Continued nonpayment can lead to administrative voiding/dissolution or “void” status if unpaid for extended periods. (Delaware Division of Corporations; CT/industry guidance) 4) Series LLCs and special rules - Each registered series in a Delaware Series LLC that’s registered may have separate annual tax obligations (e.g., industry sources note additional per-series fees such as $75 per registered series in addition to the parent LLC’s tax). Confirm series-specific charges on the Division’s site or via counsel. (Wolters Kluwer / CT Corporation coverage) 5) Registered agent requirement and related compliance - Delaware entities must maintain a registered agent with a Delaware physical address. Failure to maintain a registered agent can affect good standing and can trigger administrative actions. Keep registered-agent contact data current so payment notices and Division communication are received. (Division of Corporations / Renewal guidance) 6) Reinstatement / revival after falling out of good standing - To restore an entity to good standing or to reinstate after forfeiture/void/dissolution, Delaware requires filing specific forms and paying all outstanding taxes, penalties, interest, and any filing fees. See the Division’s “Renewal For All Entities” and reinstatement instructions for the appropriate forms and instructions. (Division of Corporations renewal page) 7) Practical compliance tips to include in a newsletter or blog - Calendar reminders: set recurring reminders for May (to pay early) and June 1 (due date). Consider paying before June 1 to avoid any processing delays. - Delegate payment: use an internal owner, bookkeeper, or a registered-agent/compliance service to make the payment; confirm the Division received it and keep proof of payment. - Maintain registered-agent service: using a commercial registered agent reduces risk of missing official notices. - Verify series status: if you have a Series LLC, verify whether individual series are registered and whether they require separate payments. - Reinstatement plan: if you miss a payment, act promptly— gather outstanding tax history, calculate penalties/interest and follow Division instructions to restore good standing. - Watch for scams: the Division warns about deceptive solicitations that look like official notices; always verify notices via corp.delaware.gov and contact the Division directly at corp@delaware.gov or (302) 739-3073 with concerns. (Division of Corporations consumer alert text)

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