Delaware Franchise Tax Annual Report

franchise tax
a tax that is imposed by states on corporations; it depends both on the net worth of the corporation and on its net income attributable to activities within the state
Franchise tax is a tax charged by some US states to corporations with a nexus (aka a filing obligation) with those states. The common feature of a state's franchise tax is that it is not based on income. Rather, the typical franchise tax calculation centers around the "net worth" of the taxpayer.
A tax or fee usually levied annually upon a corporation, limited liability company or similar business entity for the right to exist or do business in a particular state.

annual report
(Annual Reports) A report submitted annually by the applicant within 60 days of the anniversary date of U.S. approval of the application.
(2.1.3. Annual reports) The third way of data collection method was through annual reports. However, it was not possible to obtain reports for three libraries from the sample.
An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance.

delaware
A state in the eastern US, on the Atlantic coast;; pop. 683,600; capital, Dover; statehood, Dec. 7, 1787 (1). One of the original thirteen states, it was the first to ratify the US Constitution
a Mid-Atlantic state; one of the original 13 colonies
one of the British colonies that formed the United States
A river in the northeastern US that rises in the Catskill Mountains in New York and flows south for about 280 miles (450 km) to northern Delaware, where it meets the Atlantic Ocean at Delaware Bay. For much of its length it forms the eastern border of Pennsylvania
a river that rises in the Catskills in southeastern New York and flows southward along the border of Pennsylvania with New York and New Jersey to northern Delaware where it empties into Delaware Bay