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Delaware LLC Franchise Tax Due on or Before June 1

The State of Delaware does not require an annual report for LLCs.  However, there is a LLC franchise tax that is due on or before June 1 each year.  The annual LLC franchise tax is $300.  If payment is made AFTER June 1, there is a late fee of $200.  Interest accrues at the rate of 1.5% per month until the balance is paid off in full.

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