The Delaware Annual Report Filing is a mandatory requirement for all businesses incorporated in the state of Delaware. This report allows the state government to maintain updated records of business entities operating within the state. The annual report filing provides important information such as changes in ownership, business activity, and other relevant details necessary for compliance and legal purposes. It serves as an essential tool to ensure transparency and accountability among businesses operating in Delaware.
Who needs to file a Delaware annual report form?
All businesses that are incorporated in the state of Delaware, including domestic and foreign corporations, are required to file an annual report with the Delaware Secretary of State Division of Corporations. This filing is mandatory for all active and inactive businesses operating in Delaware.
When is the deadline for filing a Delaware annual report?
The annual report must be filed with the state no later than March 1st of each year. The state does allow corporations to start filing as soon as January 1st, allowing for two months of time to ensure the reports are submitted on time.
What happens if I do not file my annual report?
If you fail to file your annual report and pay the filing fees, Delaware will revoke your corporation’s charter, and you will no longer be in good standing with the state. This is the first stage of arrears status. After two years, the corporation’s status is changed to void, and the business can no longer operate in the state until they bring their filing status current and pay any and all fees to reinstate the charter.
What are the requirements to file a Delaware annual report?
To file a Delaware annual report, businesses need to meet the following requirements:
- Information Update: Businesses must provide updated information about their company, including its name and address.
- Registered Agent Details: The report needs to include the details of the Delaware registered agent responsible for receiving legal documents on behalf of the business entity in Delaware.
- Franchise Tax Payment: Along with the annual report filing, businesses are required to pay their franchise tax fees as determined by their authorized shares or issued shares method.
- Filing Fee Payment: A filing fee is also required at the time of submitting the annual report form.
- Submission Deadline: Annual reports must be filed by March 1st each year.
Do other business entities have to file a Delaware annual report?
LPs (limited partnerships), LLCs (limited liability companies), and GPs (general partnerships) are not required to file an annual report with the state. They only need to file an annual report when there is a change in the business location or ownership. However, they are required to pay an annual franchise tax payment that is due by June 1st.
What is the best way to submit a Delaware annual report filing?
The best and easiest way to submit a Delaware annual report filing is to use FastFilings. We have made the process straightforward and easy using these simple steps:
- Enter the required information on each page of our online form.
- Upload any necessary documents required by the state.
- Select a payment method to pay your fees and taxes.
- Submit the completed form.
We will take care of transferring the information you provided to the official Delaware annual report and submit it electronically to the Delaware Secretary of State on your behalf. Once we submit your annual report, we will send you a confirmation number letting you know it has been submitted. We can also enable annual reminders if you want us to remind you to file your annual report.
Using FastFilings takes the hassle out of submitting your annual report and ensures your reports are completed correctly and filed on time every year. Get started filing your annual report at FastFilings today.