An LLC annual report is a periodic filing that updates the state on your company's basic information, such as its address, registered agent and members or managers. Most states require it, usually every year, with a fee. Delaware is a notable exception for LLCs: a Delaware LLC does not file an annual report, but it must pay a flat annual tax of $400 by June 1.
Deadlines and fees change. The examples below were accurate when this was written, so confirm the current figures with the state before you file.
What an annual report is
It is not a tax return. It is a state filing that keeps your company on record as active and in good standing. Missing it can lead to late fees, loss of good standing and, eventually, administrative dissolution of the LLC.
What you usually need to file
- The company's legal name and state file number.
- The principal business address.
- The registered agent's name and address.
- Names and addresses of managers or members, where the state requires them.
- A signature and the filing fee.
Examples by state
Delaware
LLCs do not file an annual report, but pay the $400 annual tax by June 1. Corporations file an annual report and franchise tax by March 1. See our Delaware franchise tax guide.
Wyoming
LLCs file an annual report with a license tax, due by the first day of the anniversary month of formation. The minimum license tax is $60.
Florida
LLCs file an annual report between January 1 and May 1 each year. A late fee of $400 applies after May 1.
California
LLCs file a Statement of Information with the Secretary of State (every two years for LLCs, with an initial one after formation) and pay an annual franchise tax of at least $800 to the Franchise Tax Board.
Other states have different forms, deadlines and fees, so check the Secretary of State of the state where the LLC is formed and any state where it is registered.
How to file
- Find the state's annual report page, usually on the Secretary of State website.
- Log in or search for your company using the name or file number.
- Confirm or update the information.
- Pay the fee and save the confirmation.
What happens if you miss it
You usually pay a late fee and may lose good standing, which can block bank, license and loan applications. After a longer period, the state can dissolve the LLC administratively. Reinstating costs back fees and penalties. If you plan to close the company, dissolve it formally instead of letting it lapse.
Frequently Asked Questions
Does every LLC have to file an annual report?
Most states require one, but not all. Some, like Delaware, ask only for a tax for LLCs, and a few states have no annual report.
Is an annual report the same as a tax return?
No. It is a state filing about company details. Tax returns go to the IRS and state tax agencies.
What happens if I file late?
Late fees apply and good standing can be lost. Continued non-filing can lead to administrative dissolution.
Who can sign the report?
Usually a member, manager or authorized person. Some states allow an agent to file on your behalf.
Can a non-U.S. owner file it?
Yes, ownership location does not prevent filing, and a registered agent address can be used for the company address where allowed.
Let us keep you compliant. See our annual report filing service.
