DELAWARE INCREASES FEES AND FRANCHISE TAXES

To View a full list of fee increases, please click here.

House Bill 267 (Chapter 75) passed the General Assembly June 30, was signed by the governor July 1 and contains many tax and fee changes for business entities at the Secretary of State Corporations Division.

I. Fee changes effective 8/1/2009
  
FOR ALL ENTITY TYPES
Certified copies: $50.00
Short form good standing: $50.00
Long form good standing: $175.00

EXPEDITED FEES
New addition is 30 Minute Expedite  - $3,000.00 with certain restrictions (See Section IV below)
Same Day - $100.00 for new formations, all other documents will be $200.00
24 Hour - $50.00 for new formations, all other documents will be $100.00
Must filings - $50.00 and will no longer charge $100.00 when the agent of record is not submitting the filing
GLOBAL Filing Expedited Fee  - $3,000.00
1 & 2 Hour Expedited Fees will not change 

CORPORATIONS ONLY
Filing and indexing will now be $115.00 (formerly $50.00).  This will affect all filings for amendment, restated, designation, merger, conversion, renewal & dissolution. Note that the exception to this increase is new incorporations and change of agent filings. That fee will remain at $50.00

II. Changes in UCC Fees and Services effective 9/1/2009

The fee for filing and indexing a UCC document of one to four pages communicated on paper or in a paper-based format (including faxes) will increase to $100.00.  If there are additional pages, the fee is $2.00 per page.

There will be a fee of $25.00 for each additional name to be indexed when there are more than two debtor-names on the financing statement.

Expedited services are being enhanced to include One Hour (Priority 1) service at a cost of $1,000.00

Two Hour (Priority 2) expedited service will increase to $500.00
Same Day (Priority 3) fee will increase to $200.00
24-Hour (Priority 4) fee will increase to $100.00
Must approval (Priority 5) expedited fee will increase to $50.00
Electronic UCC filings through the State's e-Corp Web Application will increase to $30.00
Expedited fees for searches will remain $25.00

III. Changes in Franchise Tax:

Changes effective 7/1/09 which are retroactive to 1/1/09
Multiplier for Assumed Par Value: $350.00
Max tax for 2009 forward: $180,000.00
(quarterly estimates will not change; additional amount included in balance due March 1, 2010)
 RIC (Regulated Investment Companies)  maximum: $90,000.00

Changes effective 8/1/09
Domestic Corporation  Annual Report Filing Fee (Stock and Non-Stock): $50.00
Exempt Corporations (Religious/Charitable): $ 25.00
GP’s, LP’s & LLC’s Penalty: $200.00
GP’s, LP’S & LLC’S Cancel/Voided: Accrual of taxes, penalties and interest will cease at time of voiding
Foreign Corporations Filing Fee: $125.00
Foreign Corporations Penalty: $125.00

Effective 1/1/2010 for Tax year 2010 forward
Domestic Corporation Penalty: $125.00 (due 3/1/11)
Assumed Par Value minimum tax: $350.00

ATTENTION Annual Report Filers

Important Announcement regarding Arizona Reminder Notices

Over the past year, the Arizona Corporation Commission has been mailing out reminder notices to file your annual report. As of September 2009, The Commission will discontinue mailing out annual report reminder notices. There are three options available to you to file your annual report. They are:

Option 1: FILE ELECTRONICALLY
Option 2: PRINT & MAIL THE ANNUAL REPORT
Option 3: REQUEST THE ANNUAL REPORT FORM

View your Entities in Arizona
You can log onto www.cscglobal.com to view a list of your entities in Arizona. From the Dashboard, access the Jurisdictional Portfolio channel and click on Arizona within the map. If you have additional questions contact your Customer Service Representative at 800-927-9800.

How can CSC Help?
With our Annual Report Preparation and Filing service, you can avoid the hassle and confusion of your annual filings. No need to monitor jurisdictional changes like this one by the Arizona Corporate Commission - CSC automatically incorporates changes so you’ll never miss a filing. We can track your deadlines, file your reports, and help you keep your entities in good standing.

CSC® Media

New titles from CSC® Media: The 2009 Edition of Pennsylvania Laws Governing Business Entities and the 2009 Edition of Massachusetts Laws Governing Business Entities.

CSC® Media,in collaboration with LexisNexis® Matthew Bender®, is pleased to announce the July release of The 2009 Edition of Pennsylvania Laws Governing Business Entities.  This Edition contains statutes updated through the 2008 Session of the General Assembly, as well as over 70 new case annotations from state and federal court decisions. New annotations include cases concerning mergers (Burger v. Owens Ill., Inc.), foreign corporations (Information System Services v. Platt), nonprofit corporations (Petty v. Hospital Service Association), LLCs (Zokaites v. Pittsburgh Irish Pubs), and involuntary dissolution (Loveless v. Pocono Forest Sportman Club).

Also included with this Edition is a companion CD-ROM containing over 100 Pennsylvania forms for incorporation/formation, qualification, mergers, dissolution, and name reservation, for all entity types. A listing of forms and contact information for Pennsylvania Corporations Bureau can be found in the Appendix. 

Massachusetts Laws Governing Business Entities

Another recent release is the 2009 Edition of Massachusetts Laws Governing Business Entities.  This Edition contains almost 100 statute changes from the 2008 legislative session, an updated Amounts Payable table that summarizes the fees and taxes payable by business entities under Massachusetts law, and a companion CD-ROM that includes over 160 Massachusetts forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all entity types.

To order or view other CSC® titles, visit our website at www.cscglobal.com/publications or contact a LexisNexis customer service representative at 1.800.833.9844. Quantity discounts are available.