FranTax

FranTax™ enables corporations, limited liability companies, registered agents, law firms, and incorporating firms to file an annual report, pay franchise tax, recalculate taxes, and file amendments on a real-time basis with the State of Delaware. The system is based on Microsoft technologies utilizing Active Server Page (ASP) web design with a back-end featuring Microsoft Access or SQL Server 2005.  FranTax™ communicates directly with the state of Delaware with an XML interface. 

Once a business entity is formed, a registered agent’s ongoing revenue from that entity is generally limited to agent fees…and only as long as the entity maintains its legal status and doesn’t switch agents. In addition, the registered agent’s business relationship beyond the initial formation is limited and, therefore, vulnerable to attrition.

The State of Delaware’s requirement for online Franchise Tax & Annual Report Filing is an opportunity for registered agents to earn additional revenue, maintain business relationships, and manage their own operations more effectively. FranTax™ clients.

Press release (DOC)

Here’s how FranTax™ can help:

• Maximize revenue
  
By taking advantage of the State’s requirement for online Franchise Tax & Annual Report Filing:
• Earn processing fees on filings and amendments
• Collect your registered agent fees at the same time
• Offer ancillary products at the same time (e.g. certificate of good standing)
• Customize fees based on client
• No out of pocket expenses for use of the system



• Improve retention
  
By providing value added services to your clients
• Allow large clients to file in bulk rather than one at a time
• Filing on FranTax™ is easier and faster than the State site
• Retain data so next year’s filing is simple
• Accept multiple forms of payment
• Enable client login to access filing history and edit data



• Manage your data better
  
By having access to state data and system capabilities
• Obtain updated contact information on your clients
• Find out which clients are still active
• At a glance administrative interface on filing and payment status
• Updates on clients who have paid directly to the state
• Registered agent fee summary



• Ease your workload
  
By automating manual processes
• Auto generate mailing list of clients
• Auto generate form letter (window envelope format) for annual report notices
• Eliminate manual filing on behalf of your client
• Eliminate manual capture/authorization of credit cards