The due date of your franchise tax varies depending on your company type. The Franchise Tax for a corporation is due by March 1 of every year. If the tax is not paid on or before March 1, the state imposes a $200 late penalty, plus a monthly interest fee of 1.5 percent, as of July 1, 2022.
The Franchise Tax for a Delaware LLC is due by June 1 of every year. If the tax is not paid on or before June 1, the state imposes a $200 late penalty, plus a monthly interest fee of 1.5 percent.
Corporations and LLCs are taxed in arrears, meaning the tax due by each due date is for the previous calendar year.