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Top-Performing Keywords for Paying Delaware Franchise Tax
Introduction
Delaware is known for its business-friendly environment, which has led to many companies incorporating in the state. If you own a business that is incorporated in Delaware, you'll need to pay franchise tax. In this article, we'll discuss the top-performing keywords for paying Delaware franchise tax.
Delaware franchise tax is calculated based on the company's authorized shares multiplied by the franchise tax rate. The minimum franchise tax is $175, and the maximum is $200,000. The franchise tax rate depends on the number of authorized shares, with a minimum rate of $0.00175 per share and a maximum rate of $0.0075 per share.
Franchise Tax Due Date
The franchise tax due date in Delaware is March 1st of each year. If you fail to pay the franchise tax by the due date, you'll be subject to penalties and interest.
Delaware Corporation Tax
In addition to franchise tax, corporations in Delaware are also subject to corporate income tax. The corporate income tax rate in Delaware is a flat 8.7% on all taxable income.
Delaware LLC Tax
Limited liability companies (LLCs) in Delaware are not subject to corporate income tax. However, they are still required to pay franchise tax.
Delaware Franchise Tax Calculator
If you're looking to calculate your Delaware franchise tax, there are several online calculators available. These calculators take into account the number of authorized shares and the franchise tax rate to give you an estimate of your tax liability.
Delaware Franchise Tax Payment
Delaware franchise tax can be paid online using the state's ePay system. You can also pay by mail or in person at the Delaware Division of Corporations.
Delaware Corporate Tax Rate
The Delaware corporate tax rate is a flat 8.7% on all taxable income. This rate is the same for all corporations, regardless of their size or industry.
Delaware Franchise Tax Exemption
There are several exemptions available for Delaware franchise tax. For example, companies with less than $1 million in assets are exempt from the tax. Additionally, nonprofit organizations and certain types of trusts are also exempt.
Delaware Franchise Tax Penalties
If you fail to pay your Delaware franchise tax by the due date, you'll be subject to penalties and interest. The penalty for late payment is 1.5% per month, up to a maximum of 12%. Interest is charged at a rate of 0.5% per month.
Conclusion
Paying Delaware franchise tax is an important part of running a business in the state. By understanding the top-performing keywords for paying Delaware franchise tax, you can ensure that you're staying on top of your tax obligations and avoiding penalties and interest.
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