Annual Report

Annual Report

In most states, the LLC must file an annual report every year. This usually requires that you fill out a form, either online or paper, and file it with the secretary of state (or agency responsible for business filings). The primary purpose of the annual report is for the state to maintain an up-to-date record of the status of your company, including the company name, address and member names.

Most states require some sort of registration, business tax, or filing fee be paid along with your annual report. Check with the secretary of state’s office for more information about annual report filing fees for an LLC. Failure to file your annual report on time can result in fines and potentially having your company dissolved. The fee to reinstate an administratively dissolved company can be high.

LegalZoom can make it easy to stay on top of your annual reports. Just answer a few questions about your business and we’ll check your answers for completeness, assemble your paperwork, and file it on your behalf.