Understanding Delaware Franchise Tax for Corporations | Harvard Business Services, Inc.April 22, 2022
Delaware Franchise Tax is due on March 1 every year for Corporations. Many corporations pay this tax year after year without really understanding what it’s for or how it’s calculated.
If you’re a new Delaware corporation Director, officer, and/or shareholder, Franchise Tax might be a bit confusing to you. And even you’ve been in business for a number of years, you may still have questions.
In this 60 minute webinar, Harvard Business Services President Mike Bell will discuss:
*Why Delaware is the top choice for corporate formations
*What Delaware Franchise Tax is used for
*The two methods by which the tax is calculated
*The difference between corporation and LLC Franchise Tax
*How to pay your Franchise Tax online
*Penalties for late payments
It’s important to pay your Franchise Tax on time, but fortunately the process is quick and can completed online in a matter of minutes.