Delaware corporations need to file an annual report and pay a franchise tax by March 1st each year. Otherwise, they may lose their good standing and face other penalties.
Corporations Ending Their Existence or Renewing Status
If you wish to end your corporation’s existence or reinstate it to good standing, you must file an annual report and pay all taxes due. Please contact us and we can inquire with the Delaware Division of Corporations, on your behalf, to obtain a full report of your standing before submitting your Renewal, Merger, Dissolution, Conversion to another type of entity, or any other document filing, taxes due, or fees that will end the existence or renew the good standing status of your Delaware Corporation.