Support - Compliance 101: How do I file my Delaware Annual Report and pay my Annual Franchise Tax?

Did you file your annual report and submit your franchise tax payment in March of this year? This tax is collected by the State of Delaware on all corporations that have been active in the previous calendar year.

In order to file your taxes and submit your annual report, you will need the following information:

• Delaware file number

• Total authorized shares

• Total issued shares (also called total shares outstanding on your cap table)

• Par value

• Company address

• Directors of your corporation

• The name and address of one officer of the corporation (this is you!)

• The gross assets of the corporation
  NOTE: while you should be accurate, please note that this number is rounded to the nearest million dollars, or portion thereof.

Step 1. Visit the Delaware filing website here:

https://icis.corp.delaware.gov/ecorp/logintax.aspx?FilingType=FranchiseTax

Step 2. Click on Pay Taxes / File Annual Report.

The Delaware tax form shows an absurdly large number at first. Do not be alarmed. As soon as you fill out the form at the top of the page, hit the “recalculate tax” button. For a brand new company that has yet to raise money or generate significant revenue, the tax amount should be about $400 plus a $50 filing fee and any applicable late fees.

Step 3. Follow the prompts to submit the annual report and pay taxes by credit card.

Step 4. Save receipt for your records.

You'll upload a copy of this to your Dashboard > Compliance Calendar > Upcoming filings.

If you’d prefer, we are happy to file this on your behalf for a small cost. Please reach out to support@capbase.com for more information.