How do I maintain my Delaware C-Corp after incorporation?

Maintaining your Delaware C-Corp involves a few key responsibilities to ensure your company remains in good legal standing and avoids penalties:

1. Annual Franchise Tax & Report Filing: Every Delaware corporation is required to file an annual franchise tax report and pay the associated tax. This is due by March 1st each year. The amount owed depends on the number of authorized shares or an alternative calculation based on your company’s assets. Failing to file on time can result in late fees and loss of good standing with the state.
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2. Registered Agent Maintenance: Delaware law requires every corporation to maintain a registered agent with a physical address in the state. This agent receives legal and official documents on behalf of your company. If your registered agent changes or fails to meet compliance, your corporation can be at risk of administrative dissolution.
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3. Federal Tax Filings (IRS): Your company must file an annual federal tax return (typically Form 1120 for C-Corps) with the IRS, even if you have no revenue. Depending on your operations and income, you may also need to make estimated tax payments throughout the year.
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4. State Tax Filings: If your company does business in other US states (e.g., has employees, customers, or physical presence), you may need to register and file taxes in those states as well. Common requirements include sales tax registration, state corporate income tax, and payroll tax compliance.
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5. Other Ongoing Obligations: Depending on your structure and activities, you may also need to issue stock certificates, update your cap table, maintain board meeting records, and file certain changes with the Secretary of State (e.g., address changes, new directors).

At Inkle, we make ongoing compliance easy by sending timely reminders and preparing necessary filings.