Delaware Annual Report

The Delaware Annual Report must be filed online and consists of entering the Federal Employee ID Number, the corporation’s physical address, names and addresses of officers, names and addresses of directors, and the name, title, and address of the person completing the filing. The franchise tax is also due at the time of filing. Delaware corporations must file by March 1 or face a penalty plus interest on the amount due. The annual tax bill can sometimes shock companies, but most early stage startups without significant assets can limit their franchise taxes by using an alternate calculation method.