Blog

Does a Delaware corporation need to file a tax return?

Does a Delaware corporation need to file a tax return?

Yes. Delaware requires every corporation filing a Delaware corporate income tax return to attach a completed copy of a pro forma federal tax return, including all schedules and attachments. The forms can be found at www.irs.gov.

What happens if I dont pay Delaware franchise tax?

If you don’t pay the Delaware Franchise Tax and file the Annual Report for two straight years, the State of Delaware will administratively dissolve the Corporation. If you have any questions about forming your new Delaware LLC, LP, or Corporation, give us a call today.

Does Delaware require annual reports?

All corporations incorporated in the State of Delaware are required to file an Annual Report and to pay a franchise tax. Exempt domestic corporations do not pay a tax but must file an Annual Report. Taxes and Annual Reports are to be received no later than March 1st of each year.

READ ALSO:   What is doomscrolling Reddit?

Does Delaware require a statement of information?

[7] Once registered as a foreign limited liability company, the Delaware LLC has to file a Statement of Information just like domestic LLCs do.

When a corporation is not required to file an annual Form 1120?

All domestic corporations must file tax form 1120, even if they don’t have taxable income. Corporations exempt under section 501 (see below) do not need to file tax Form 1120. Corporations in bankruptcy must also file Form 1120.

Are Delaware articles of incorporation public?

The public can obtain any Delaware company’s Certificate of Incorporation simply by contacting the state and paying a fee; however, whether or not the public can ascertain the person/people behind the company depends on which, and how much, information appears on the Certificate of Incorporation.

How do I get a copy of my articles of incorporation in Delaware?

Submit the filing memo to the Delaware Department of State. Fax the filing memo to (302) 739-3812 or mail it to the Delaware Department of State. File the memo in person at the Delaware Department of State office. As of 2011, it costs $50, plus $2 per page to get certified copies of a certificate of incorporation.

READ ALSO:   Can I use imitation vanilla for cookies?

Do you have to file 1120 if no income?

If you had no income, you must file the corporation income tax return, regardless of whether you had expenses or not. The bottom line is: No income, no expenses = Filing Form 1120 / 1120-S is necessary. No income, but expenses = Filing Form 1120 / 1120-S is necessary.