Who owns Harvard business Services Inc?
A Continuing Legacy… After over 40 years and 270,000 business formations, Rick Bell’s legacy of personal service remains a key aspect of Harvard’s company culture. Today, Rick’s son, Michael Bell, serves as President of the company.
What happens if you don’t pay Delaware franchise tax?
Failure to pay the franchise tax by the deadline will result in $200 penalty and interest charges assessed by the State of Delaware at the rate of 1.5% a month. It will also prevent the business from getting a certificate of good standing and may eventually lead to your business declared void by the State.
Why is Delaware franchise tax so high?
As a technology startup incorporated in Delaware, you will receive a tax bill from the State of Delaware. It isn’t necessarily tied to income, but it is a tax you need to pay because the company’s place of origin is in the State of Delaware.
What is franchise tax Delaware?
Franchise Tax is the fee imposed by the state of Delaware for the right or privilege to own a Delaware company. The tax has no bearing on income or company activity; it is simply required by the state of Delaware to maintain the good standing status of your company.
Why should I incorporate in Delaware?
The advantages of incorporating here include: The state offers some tax benefits. Delaware doesn’t impose income tax on corporations registered in the state which don’t do business in the state. Also, shareholders who don’t reside in Delaware need not pay tax on shares in the state.
What is Delawareinc?
Delaware corporations are formed under the General Corporation Law of the Delaware state code. In fact, over 50% of publicly-traded companies in the U.S. and 65% of Fortune 500 companies are incorporated in Delaware. There are three main types of corporations: general, close and non-profit.
Do Delaware LLCs pay franchise tax?
All LLCs, Limited Partnerships, and General Partnerships formed or registered in Delaware are required to pay an annual franchise tax of $300 due June 1. Delaware corporations are required to file an annual report and pay franchise tax by March 1 each year.
What is the maximum Delaware franchise tax?
For corporations using the Assumed Par Value Capital Method, the minimum franchise tax is $350 and the maximum tax is $200,000; however, for the 2018 tax year, the minimum will increase to $400.
Does Delaware have a franchise tax?
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. 00 unless it has been identified as a Large Corporate Filer, then their tax will be $250,000.00.