Annual Report Filings
If you have a registered business such as an LLC, corporation, or nonprofit, you likely have an annual report or similar state filing to be mindful of. Specific requirements depend on which jurisdiction your business is registered in. When you hire us as your registered agent, our included Renewal Service means we’ll file this document for free—all you have to pay is the state fee.
What Is an Annual Report?
An annual report is a document your business submits to its state of registration each year. Often similar in content to the business formation documents that officially created your entity, an annual report keeps the state up-to-date on your business’s information. The report ensures the state has current contact information and is aware of any relevant changes, such as a new address or change of registered agent.
Depending on your jurisdiction and its reporting cadence, you may encounter different names for these state filings, such as biennial report, periodic report, annual renewal, and statement of information. You’ll also encounter different fee amounts. In some states, you’ll pay as little as $10, and in others you’ll owe hundreds.
Regardless of whether it’s called an annual report or something else, his state filing is not to be confused with another type of annual report that’s submitted to LLC members or corporation shareholders. Where those reports are full of financials and granular details, the state-mandated version is more of a check-in.
What’s the difference between an annual report and an annual renewal?
Is Filing an Annual Report Mandatory?
If your state has annual report (or equivalent) requirement that applies to your business, then filing one is mandatory. While it can be hard to keep track of this filing’s deadline and fee requirements, it’s an essential part of ensuring your business remains in good standing with the state.
What if I don’t file an annual report?
What Information Do I Include in an Annual Report?
Every state has different requirements for what to include in an annual report. Additionally, specifics vary by business type—corporations and LLCs are often asked to provide slightly different pieces of information. But in general, annual reports often ask for information similar to what was queried on your business’s formation documents. Required information often includes:
How do I submit an annual report?
How much does an annual report cost to file?
Annual report fees vary by state. Many states charge in the neighborhood of $20, but others charge much more. If you’re in a state with a franchise tax, pay attention to whether this is lumped in as part of your annual report filing. For example, in California you may owe the $800 franchise tax fee at the same time that your report is due. In Massachusetts, LLCs owe $500 alongside their annual reports. Because fees vary so widely state-to-state, make sure to check your requirements and plan accordingly.
You Don’t Have To Run Your Business Alone.
Registered Agents Inc can help. We’re proud to have assisted thousands of business owners across all 50 states in launching and growing their businesses with confidence, and we’d be honored to join you on your journey.
Frequently Asked Questions
Do I have to file an annual report for my LLC?
Most likely. Though not all states have annual report requirements for LLCs, most do. Visit your state’s business division website to learn about the specific filing requirements your business needs to adhere to.
Is an annual report the same as filing taxes?
Most likely. Though not all states have annual report requirements for LLCs, most do. Visit your state’s business division website to learn about the specific filing requirements your business needs to adhere to.
What is an annual report for a small business?
Most likely. Though not all states have annual report requirements for LLCs, most do. Visit your state’s business division website to learn about the specific filing requirements your business needs to adhere to.