Understanding Delaware Franchise Tax for Corporations | Harvard Business Services, Inc.

Delaware Franchise Tax is due on March 1 every year for Corporations. Many corporations pay this tax year after year without really understanding what it's for or how it's calculated. If you're a new Delaware corporation Director, officer, and/or shareholder, Franchise Tax might be a bit confusing to you. And even you've been in business for a number of years, you may still have questions. In this 60 minute webinar, Harvard Business Services President Mike Bell will discuss: *Why Delaware is the top choice for corporate formations *What Delaware Franchise Tax is used for *The two methods by which the tax is calculated *The difference between corporation and LLC Franchise Tax *How to pay your Franchise Tax online *Penalties for late payments It's important to pay your Franchise Tax on time, but fortunately the process is quick and can completed online in a matter of minutes.