Current Developments
Changes to Delaware Annual Reports
The Delaware General Assembly recently passed new legislation that will require corporations to file a complete Annual Franchise Tax Report effective January 1, 2008. The Annual Franchise Tax Report shall contain the following information:
  1. Location of the registered office
  2. Name of the registered agent
  3. Location of the principal place of business
  4. Names and addresses of all the directors
  5. Name and address of the officer signing the report
  6. Number of shares and par value
  7. If exempt from taxation, the specific facts entitling the corporation to exemption
  8. Such additional information, schedules and attachments as the Secretary of State shall require to ascertain the franchise tax due.

The Delaware Secretary of State shall declare void the charter of any corporation that fails to file a complete Annual Franchise Tax Report (currently the SOS can only void the charter of a corporation for failure to pay taxes).

For further information regarding the requirement that corporations file a complete Annual Franchise Tax Report, please see the summary of the legislation provided on the Delaware Secretary of State’s website: http://www.state.de.us/corp/2006amend.shtml

Last updated on May 1, 2008.
© 2008 Capitol Services, Inc. All rights reserved.