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Re: dreaminofsailin post# 97971

Monday, 03/31/2008 4:57:10 PM

Monday, March 31, 2008 4:57:10 PM

Post# of 115222
dreaminofsailin, How's this?

ANNUAL REPORT AND TAX INFORMATION

Corporate Annual Report and Franchise Tax Payments

All corporations incorporated in the State of Delaware are required to file an Annual Report and to pay a franchise tax. Religious and charitable non-stock corporations are exempt from the tax but must file an annual report. The annual report filing fee is $25.00 for non-profits. The annual report filing fee for taxable corporations is $25.00 plus taxes due upon filing of the annual report. Taxes and annual reports are to be received no later than March 1st of each year. The minimum tax is $35.00 with a maximum tax of $165,000.00. Taxpayers owing $5,000.00 or more pay taxes in quarterly installments with 40% due June 1, 20% due by September 1, 20% due by December 1, and the remainder due March 1.

Notification of Annual Report and Franchise Taxes due are sent to all Delaware Registered Agents in December of each year. Beginning with the 2007 Annual Report, due March 1, 2008, the State of Delaware is requiring mandatory electronic filing. Filing electronically will insure compliance with changes to the Delaware Law which require the adminstrative voiding of corporations which do not file or file an incomplete Annual Report.

- Misterbull

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