Frequently Asked Questions
In Delaware, a corporation must file an Annual Franchise Tax Report and pay Franchise Tax for the privilege of incorporating in Delaware no later than March 1st of each year.
LLC’s are not required to file an annual report, however, are required to pay a franchise tax fee of $300.00 which is due no later than June 1st of each year.
In Texas the Franchise tax reports are due by May 15th of each year.
Other states may have different rules and due dates.