IMPORTANT INFORMATION
FOR ALL DELAWARE CORPORATIONS REGARDING CHANGES TO NOTIFICATION AND FILING PROCEDURES FOR DELAWARE DOMESTIC CORPORATION ANNUAL FRANCHISE TAX REPORTS

All Delaware domestic corporations are required to file an Annual Report and pay any taxes and fees due on or before March 1st. In past years, a printed paper annual report and instructions for filing were provided to every domestic corporation. The notification process has changed this year.

Every Delaware domestic corporation will be receiving a postcard notification which will include instructions for electronic filing of the Annual Report and payment of taxes due. The 5 ½ x 8 ½ neon green postcard will be mailed to the address on file for the corporation in January.

This change is the result of newly enacted legislation which becomes effective January 1, 2008. That legislation will require corporations to be declared void for failure to fully complete the annual report. In addition, the State will be prohibited from issuing a certificate of Good Standing on any corporation not complying with this law. Delaware will require 2007 Annual Franchise Tax reports to be filed electronically.

Please contact our office with questions or concerns. Thank you.

State of Delaware Legal System Ranked #1 for Fifth Year in a Row!

www.instituteforlegalreform.com/newsroom/display_release032706.html

The study found the five top states for overall legal fairness are, in order, Delaware, Nebraska, Virginia, Iowa, and Connecticut. "Businesses go where they are welcome," said Donohue. "One of the most welcoming features of a state is a fair legal system. When businesses set up shop in your state, they bring jobs, an expanded tax base, and economic vitality."

This is just one reason why so many businesses organize in Delaware. To find out more, visit The Incorporators Ltd.