Annual Report

Your LLC’s Annual Report

**Short Answer: Your state will require you to file an Annual Report in order to keep your LLC in compliance, your contact information updated and your LLC in good standing. Fees and due dates vary by state.**


Video Transcript:

Your state will require you to file an annual report in order to keep your LLC in compliance, your contact information updated, and your LLC in good standing. Fees and due dates vary by the state. Once your LLC is formed, paperwork with the state is not over. As a part of the ongoing requirements for your LLC, your state requires that you file an annual report and pay a filing fee. The annual report can take many names, such as the annual report, annual statement, statement of information, periodic report, biennial statement, decennial report, and many more, and not all annual reports are annual. Some may be required to file every year, some every two years, and some may be lucky enough to only have to file every ten years. It just depends on your state and their requirements. Since most states refer to the report as the ‘annual report,’ we’ll do so as well, just for simplicity. The purpose of the annual report is to keep your LLC in compliance and in good standing. Additionally, it keeps the state updated with your LLC’s contact information. If you fail to file your annual report, the state will automatically dissolve or shut down your LLC. Your annual report will include your LLC name, your office address, your registered agent information, and an LLC number from your Secretary of State. The LLC number is just a number that your state uses to reference and identify your LLC. How do you file and pay your annual report? Generally, there are two ways you can file your annual report with your state: You can file it by mail, or you can file it online. If you file by mail, you will fill out your annual report on your computer, or fill it out by hand. Next, you’ll make a copy for your business records, and then mail the original to the state, along with a check or money order to pay the filing fee. If you file online, you’ll prepare and submit your annual report on the state’s website and pay the filing fee with a debit or credit card. Regardless of what option you choose, it’s important that you file your annual report on time. Most states will send you a reminder to pay and file your annual report prior to the deadline, but not all of them do that. For this reason, we recommend that you keep a repeating reminder on your calendar. What are the consequences for not filing your annual report? If you don’t file your annual report on time, the state will charge you a late fee. If you continue to ignore this requirement, the state will automatically dissolve and shut down your LLC. Some states are stricter than others, so it’s best not to push your luck here. Where do you get your annual report? If you have formed an LLC, but are not sure how to get your annual report from the state, you can visit your state’s website and contact them for guidance. The links to the various states’ websites can be found on our website. If you hired a company to form your LLC, then you need to verify whether they will file it on your behalf, and charge you to do so, or if you need to file it on your own. Remember, just because you paid a company to form your LLC, the annual report is ultimately your responsibility, in order to keep your LLC in compliance and in good standing. If you have not formed your LLC yet, don’t worry. You only have to file your annual report after your LLC is formed. If you hire a company to form your LLC, just make sure to find out whether they will file your annual report for you, or if you need to do it yourself. If you join our online video course, we’ll show you how to file your annual report step by step. We’ll also give you the specifics on filing fees and due dates for your state. In summary, it’s important to make sure you file your annual report on time, so your LLC remains in compliance and in good standing with your state.

Once your LLC is formed, paperwork with the state is not over.

As a part of the ongoing requirements for your LLC, your state requires that you file an Annual Report and pay a filing fee every year.

The Annual Report can take many names:

– Annual Report
– Annual Statement
– Statement of Information
– Periodic Report
– Biennial Statement
– Decennial Report
– And more

And not all Annual Reports are “annual”.

Some may be required to file every year, some every 2 years, and some may be fortunate enough to only have to file every 10 years. It just depends on your state and their requirements.

Since most states refer to the report as the Annual Report, we will do so as well just for simplicity.

The Purpose of the Annual Report

The purpose of the Annual Report is to keep your LLC in compliance and in good standing.

Additionally, it keeps the state updated with your LLC’s contact information.

If you fail to file your Annual Report, the state will automatically dissolve (shut down) your LLC.

Your Annual Report will include your LLC name, your office address, your Registered Agent information, and an “LLC Number” from your Secretary of State.

The “LLC number” is just a number that your state uses to reference your LLC. The easiest way to understand it is to think of it like your LLC’s “driver’s license number”.

Filing Fee and Due Date

Filing fees and due dates for the Annual Report vary by state.

Filing fees can range from $9/year up to $800/year.

Some Annual Reports are due every year.

Some Annual Reports are due every 2 years.

And, some Annual Reports are due every 10 years.

Again, it all depends on your state and its requirements.

Here is a full list of annual LLC requirements for all 50 states.

How to File and Pay Your Annual Report

Generally, there are two ways you can file your Annual Report with your state.

You can file by mail or you can file online.

If you file by mail, you will fill out your Annual Report with a blue or black pen by hand (or you can fill it out on your computer).

Next, you will make a copy for your business records and then mail it to the State along with a check or money order to pay the filing fee.

If you file online, you will prepare and submit your Annual Report on the State’s website and pay the filing fee with a debit or credit card.

Regardless of what option you choose, it is important that you file your Annual Report on time.

Annual Report Reminders

Most states will send you a reminder to pay and file your Annual Report prior to the deadline, but not all states do this.

For that reason, we recommend that you keep a repeating reminder on your calendar.

Consequences of Not Filing

If you don’t file your Annual Report on time, the state will charge you a late fee.

If you continue to ignore this requirement, the State will automatically dissolve (shut down) your LLC.

Some states are stricter than others, so it’s best not to push your luck here.

Where do I get my Annual Report?

Many people file their Annual Report themselves after their LLC is formed.

If you have formed an LLC:

But you are not sure how to get your Annual Report from the state, you can visit your state’s website and contact them for guidance:

Official State Department NameBusiness DivisionBusiness Entity Search
Alabama Secretary of StateAlabama Business ServicesAlabama Business Entity
State of AlaskaAlaska Division of Corporations, Business & Professional LicensingAlaska Corporations Database
Arizona Secretary of StateArizona Corporation CommissionArizona eCorp Business Entity Search
Arkansas Secretary of StateArkansas Business & Commercial ServicesArkansas Business Entity Search
California Secretary of StateCalifornia Business EntitiesCalifornia Business Search
Colorado Secretary of StateColorado Business OrganizationsColorado Business Database Search
Connecticut Secretary of StateConnecticut Business ServicesConnecticut Business Inquiry Search
State of DelawareDelaware Division of CorporationsDelaware Business Entity Search
District of Columbia Office of the SecretaryDistrict of Columbia Department of Consumer and Regulatory Affairs (DCRA)District of Columbia Registered Entities Search
Florida Department of StateFlorida SunbizFlorida Business Name Search
Georgia Secretary of StateGeorgia Corporations DivisionGeorgia Business Search
State of HawaiiHawaii Business Registration (BREG)Hawaii Business Entity & Documents Search
Idaho Secretary of State
Business
Idaho Business EntitiesIdaho Business Entity Search
Illinois Secretary of StateIllinois Business ServicesIllinois Corporation & LLC Search
Indiana Secretary of StateIndiana's INBizIndiana Business Search
Iowa Secretary of StateIowa Business ServicesIowa Business Entities Search
Kansas Secretary of StateKansas Business Filing CenterKansas Business Entity Search Station (BESS)
Kentucky Secretary of StateKentucky Business ServicesKentucky FastTrack Business Organization Search
Louisiana Secretary of StateLouisiana Business ServicesLouisiana Business Filings Search
Maine Secretary of StateMaine Bureau of Corporations, Elections and CommissionsMaine Corporate Name Search
Maryland Secretary of StateMaryland Department of Assessments and Taxation Business ServicesMaryland Charter Record Search
Massachusetts Secretary of the CommonwealthMassachusetts Corporations DivisionMassachusetts Business Entity Search
Michigan Secretary of StateMichigan Corporations, Securities & Commercial Licensing BureauMichigan Business Entity Search
Minnesota Secretary of StateMinnesota Business ServicesMinnesota Search Business Filings
Mississippi Secretary of StateMississippi Business Services Division Mississippi Business Search
Missouri Secretary of StateMissouri Business Services DivisionMissouri Business Entity Search
Montana Secretary of StateMontana Business Services DivisionMontana Business Entities Search
Nebraska Secretary of StateNebraska Business Services DivisionNebraska Corporation and Business Search
Nevada Secretary of StateNevada Commercial Recordings DivisionNevada Business Entity Search
New Hampshire Secretary of StateNew Hampshire Corporation DivisionNew Hampshire QuickStart Business Search
New Jersey Department of StateNew Jersey Department of the TreasuryNew Jersey Business Entity Name Search
New Mexico Secretary of StateNew Mexico Corporations BureauNew Mexico
New York Department of StateNew York Division of CorporationsNew York Corporation & Business Entity Database
North Carolina Department of the Secretary of StateNorth Carolina Corporations DivisionNorth Carolina Corporate Name Search
North Dakota Secretary of StateNorth Dakota Business ServicesNorth Dakota Business Records Search
Ohio Secretary of StateOhio Business ServicesOhio Business Search
Oklahoma Secretary of StateOklahoma Business ServicesOklahoma Search Corporation Entities
Oregon Secretary of StateOregon Corporation Division ServicesOregon Business Name Search
Pennsylvania Department of StatePennsylvania Bureau of Corporations and Charitable OrganizationsPennsylvania Business Entity Search
Puerto Rico Departamento de EstadoPuerto Rico Registro de Corporaciones y EntidadesPuerto Rico Búsqueda de Corporaciones
Rhode Island Secretary of StateRhode Island Business PortalRhode Island Public Browse and Search
South Carolina Secretary of StateSouth Carolina Division of Business FilingsSouth Carolina Search Business Filings
South Dakota Secretary of StateSouth Dakota Business ServicesSouth Dakota Business Information Search
Tennessee Secretary of StateTennessee Business ServicesTennessee Business Information Search
Texas Secretary of StateTexas Corporations SectionTexas Taxable Entity Search
Utah Secretary of StateUtah Division of Corporations & Commercial CodeUtah Business Name Search
Vermont Secretary of StateVermont Corporations & Business ServicesVermont Business Search
Commonwealth of VirginiaVirginia State Corporation CommissionVirginia Business Entity Search
Washington Secretary of StateWashington Corporations DivisionWashington Corporations Search
West Virginia Secretary of StateWest Virginia Business and Licensing DivisionWest Virginia Business Entity Search
Wisconsin Secretary of StateWisconsin Corporation Section of the Division of Corporate & Consumer ServicesWisconsin Search Corporate Records
Wyoming Secretary of StateWyoming Business DivisionWyoming Business Entity Search

If you hired a company to form your LLC, then you need to verify whether they will file it on your behalf (and charge you to do so), or if you need to file it on your own.

Remember, just because you paid a company to form your LLC, the Annual Report is ultimately your responsibility in order to keep your LLC in compliance and in good standing.

If you have not formed your LLC yet:

Don’t worry, you only have to file your Annual Report AFTER you form your LLC.

If you hire a company to form your LLC, just make sure to find out whether they will file your Annual Report for you or if you need to do it yourself.

If you need to file an Annual Report yourself, select your state below, then click on the Annual Report lesson:

In summary, it is important to make sure you file your LLC Annual (or Biennial) Report on time. If you don’t, your LLC will be fined, your LLC be out of compliance, and the state will administratively dissolve (shut down) your LLC. Failure to file the Annual Report is the #1 reason that LLCs are administratively dissolved by the state, so don’t take this lightly.

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Matt Horwitz
Founder & Educator at LLC University
Forming an LLC shouldn't be so complicated. Our step-by-step guide will make the process a breeze – and no complex legal jargon! We teach LLC formation (for free) in all 50 states. We're here to help, so reach out with any questions!
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2 Comments

  1. Autumn Wind April 7, 2017

    Hello Matt,

    Although I fill Annual report by myself , do I need to hire CAP services from USA ?

    For what purposes I need to hire CPA from USA ?

    Let say I form my LLC remotely in Wyoming and I work from my home country, Sri Lanka.

    Regards

    reply
    • Matt Horwitz April 7, 2017

      Hi Autumn, you’ll need to hire a CPA in order to file and pay and US taxes. You can do this remote from Sri Lanka. You’ll want to find an accountant who is familiar with US and international taxes. Here is a helpful article.

      reply

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