This guide provides Delaware event planning LLC owners with a clear understanding of their 2026 tax obligations. From federal income taxes to Delaware's unique franchise tax, we'll break down the key considerations. Lovie's AI-powered platform can simplify your tax compliance, automating filings and identifying potential deductions.
As a Delaware LLC, your event planning business has pass-through taxation by default. This means profits are taxed at the individual owner level. You'll report business income and expenses on Schedule C of your personal income tax return. Alternatively, you can elect to be taxed as an S-Corp or C-Corp, which have different tax implications that may be beneficial depending on your specific circumstances. Delaware is also known for its franchise tax, an annual tax for the privilege of operating in the state.
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