Hello and welcome to MacElree Harvey

Centreville, DE
Centreville, DE

5721 Kennett Pike
Wilmington, DE 19807
302-654-4454

Kennett Square, PA
Kennett Square, PA

211 East State Street
Kennett Square, PA 19348
610-444-3180

Philadelphia, PA
Philadelphia, PA

Two Bala Plaza, Suite 300
Bala Cynwyd, PA 19004
610-660-7716

West Chester, PA
West Chester, PA

17 West Miner Street
West Chester, PA 19382
610-436-0100

8:00am - 5:30pm
Opening hours Monday - Friday
610-436-0100
Call Us Today
Twitter
Facebook
LinkedIn
YouTube
Instagram
MacElree Harvey Offices
Home > Client Alert: LLC franchise taxes are soon due in Delaware

Client Alert: LLC franchise taxes are soon due in Delaware

By Andrew R. Silverman, Esquire-

franchise tax_Delaware_2019

Delaware limited liability companies and partnerships must file franchise taxes with the Secretary of State of the State of Delaware. A franchise tax is a levy charged by many state governments against business entities for the continuing right of the entity to engage in business in the taxing state.

The franchise tax charged to Delaware limited liability companies and partnerships is currently $300 and must be paid on or before June 1 of each year. Failure to pay the franchise tax by June 1 will result in a $200 penalty (in addition to the $300 tax) and interest of 1.5 percent per month on the tax and the penalty.

Failure to pay franchise taxes may result in the entity losing its good standing, which will require the filing of a certificate of revival and payment of all outstanding taxes and interest.

The Delaware Secretary of State allows for payments to be made online.


Andrew R. Silverman
Andrew Silverman is an attorney in the firm’s Business Department whose practice includes complex corporate governance and financing matters. If you are a Delaware business owner and desire guidance in establishing or managing an LLC or partnership
, call 610-840-0286 or email [email protected].