Your state will require you to file an Annual Report in order to keep your LLC in compliance. The LLC Annual Report will keep your LLC in good standing. Fees and due dates vary by 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
- And more
And not all Annual Reports are “annual”.
While some may be required to file every year, other start require a report be filed every 2 years (“Biennial”).
Since most states refer to the report as the Annual Report, we will also call these reports “Annual Reports” 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”. The LLC Number may also be called an Entity ID Number or a Company ID 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.
Due dates also vary:
- Some Annual Reports are due every year
- Some Annual Reports are due every 2 years (“Biennial Reports”)
Here is a full list of annual LLC fees 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)
- make a copy for your business records and
- 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 which 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. We have a quick video tutorial on how to set these calendar reminders.
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.
How do I file my Annual Report?
Many people file their Annual Report themselves after their LLC is formed. It’s an easy form to file, since you usually just confirm the information the state sends you. Typically, you will just need to write a check or complete the online payment form. Below are instructions on how to get your Annual Report and file it yourself.
If you have already formed an LLC:
And want to learn how to file your Annual Report yourself, select your state below to read our step-by-step Annual Report lessons:
Where to get the Annual Report Form
If you have already formed your 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.
And if you’re not sure where to find your LLC Number or Business ID Number, we included the link to the state business entity searches to help you.
Note: 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. Sometimes, you must purchase an additional service to get the company to file this for you.
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.
LLC Annual Report Video Explainer
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.
Matt holds a Bachelor's Degree in business from Drexel University with a concentration in business law. He performs extensive research and analysis to convert state laws into simple instructions anyone can follow to form their LLC - all for free! Read more about Matt Horwitz and LLC University.