Filing an Annual Report for Delaware

If your business is incorporated in Delaware then filing an annual report is a required task that you don’t want to miss. Whether you are a new business or if you just need a refresher on the steps, this guide will walk you through the process! 

Am I Required to File an Annual Report?

Before we get started, keep in mind that not all businesses are required to file an annual report in Delaware.

Businesses that are not required to file an annual report include:

• Limited Liability Companies (LLC)
• Limited Partnership/ Limited Liability Partnership (LP/LLPs)

Note: Although LLCs and LP/LLPs are not required to file an annual report, they are still required to pay annual tax. 

With that out of the way, here are the current steps, as of April 8th 2025, on filing an annual report for Delaware!

How Do I Get Started?

1. Visit corp.delaware.gov
2. Select “File Annual Franchise Tax Report”
3. Select Click Here to Pay Taxes / File Annual Report
4. Enter your Business Entity File Number (The search option is available at the top of the page if you don’t know yours)

Calculate Your Tax Owed

Before getting started on the actual report, first we need to understand exactly how much tax your business owes. To do this, there are two methods that you can use.

Note: Companies are able to use either method that will give the lower tax cost

Authorized Shares Method

This method involves calculating your tax owed based on the total number of authorized shares within your business 

Assumed Par Value Capital Method

Although this method is not as simple as the one about, it may present a lower amount of tax. 

1. Divide your total assets by the number of issued shares. This will give you the “assumed par value”.
2. Multiply the assumed par value by your total authorized shares. This will give you the “assumed par value capital”.
3. For every $1,000,000 of your assumed par value capital then you owe  $350 in tax.

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How Do I Fill Out My Annual Franchise Report?

After you have completed the steps above, the next step is to file the annual report! 

Follow the steps below to complete your report:

• Enter your Federal Employer ID number
  If you are unsure where to find your Federal Employer ID number, check out our guide on how to find it!
  
  
• Review Fiscal Year
  Confirm the end date of your business’s fiscal year. Unless a change is necessary, you should choose to go with the default option.
  
  
• Optional: Add in any dates of inactivity
  
  
• Write in the Principal Place of Business
  This would be your primary operating location. Note that the location of your business does not need to be in Delaware.
  
  
• Officer Information
  Include the information of all officers within the company
  
  
• Director Information
  Write the information of all directors within the company
  
  
• Confirmation
  Once you have filled out the information above, confirm that you are authorized to submit the form by writing in your information and checking the box for terms and conditions.
  
  
• Select continue filing

Finalizing Your Report

Keep your heads up, as we are about to enter the final stage of filing your annual report for Delaware!

1. Review the Annual Franchise Report
   Double-check and make sure that all the information is correct
   
   
2. Payment Option
   If you would like to pay at a later date, then select “File and Exit.”
   If you are ready to pay, then select “Proceed to Payment.”
   
   
3. Billing
   Enter in the billing information for your company’s bank account. This can be either a credit card or an ACH payment. 
   Take note of the amount due seen at the top of the page.
   Once finished, click “Submit.”
   
   
4. Keep a Record of Confirmation
   Select the email confirmation copy and enter in your email for your records of the payment 

With the steps provided, your Delaware annual report should be done and crossed off your checklist! If you are still unsure of the procedure, reach out to our team for additional help!