We are aware of issues impacting certain functionalities on eCorp. We hope to have them resolved shortly. LLCs, LPs, and GPs are not required to file Annual Franchise Tax reports with the Division of Corporations, they must pay the $300 yearly tax on or before June 1, 2024. More Info
The Delaware Code allows a qualified domestic corporation to file as an exempt corporation. The definition of an exempt corporation is as follows:
In order to file as an exempt corporation you must meet the requirements of 391 (j) as follows: “…the term “exempt corporation” shall be defined as any corporation organized under this chapter that is not authorized to issue capital and that:
- is exempt from taxation under § 501(c) of the United States Internal Revenue Code or any similar provisions of the Internal Revenue Code, or any successor provisions:
- qualifies as a civic organization under § 8110(c)(1) of Title 9 or § 6840(4) of Title 16;
- qualifies as a charitable / fraternal organization under § 2593(1) of Title 6;
- is listed in § 8106(a) of Title 9;
- is organized primarily or exclusively for religious or charitable purposes; or
- (i) is organized not for profit and (ii) no part of its net earnings inures to the benefit of any member or individual.
Related Topics: corporation, corporations, exempt, exempt corporation, tax