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Timothy F. in Topeka, KS asks us, “I don currently conduct business in Delaware. Why should I file an annual report?

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Timothy F. in Topeka, KS asks us, “I don currently conduct business in Delaware. Why should I file an annual report?

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All Delaware corporations and Limited Liability Companies (LLCs) must pay franchise taxes to the state of Delaware, regardless of whether they currently do business in the state. Corporations must also file an annual report. Timely filing ensures that a company remains in good standing with the state.

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