The LLC Annual Report

So you’ve formed your LLC (Limited Liability Company) and you want to start your business operations.

Feels good, doesn’t it? But as with any type of business, there are certain reports that LLCs need to comply with.

So why not start learning about it as early now right?

What is an LLC Annual Report?

LLC annual report

An LLC annual report contains certain information about the LLC.

It isn’t as exhaustive or detailed as the reports submitted by major companies, but it is still important.

Almost all states require LLCs to file an annual report, with only a few states that don’t require it.

Also referred to as a statement of information, an LLC annual report is designed to inform the state that your LLC is in with relevant and current details about the LLC itself.

That also includes any updates and changes that have happened to the LLC since the last filing.

It’s also designed to keep the LLC compliant with all state regulations and make sure that it is in good standing.

What’s included in an LLC annual report?

What’s to be included in an LLC’s annual report will vary from state to state.

However, there will be certain pieces of information that you’d commonly find in LLC annual reports no matter which state the LLCs are in.

These are:

  • The LLC’s legal name
  • The LLC’s principal business address
  • The name and addresses of the LLC’s members and managers
  • All important identification numbers for the LLC (e.g. state entity number)
  • The purpose of the LLC
  • A list of the LLC’s authorized signatories
  • The LLC registered agent’s information

Note that information written in the LLC annual report must be current and up-to-date.

It must also be accurate and factual.

Inaccurate or false information may result in unnecessary fees and penalties, and in some cases, may even be considered fraud.

LLC annual report

When to submit an LLC annual report? And how often?

The due dates for your LLC’s annual report will depend on which state it is in.

It could be a fixed date, or it could depend on the anniversary date of your LLC’s registration.

It’s recommended that you consult your secretary of state for the appropriate due date of your LLC annual report.

As its name suggests, LLC annual reports are usually filed yearly, meaning you need to file a report once a year.

However, some states only require you to file once every two years.

Pennsylvania only requires that an annual report be filed once every ten years.

Here’s a table for a quick view of each state’s annual report due date and frequency of submission:

State Name of Report Due Date Frequency of Submission
Alabama Business Privilege Tax Return Same as the federal return Once a year
Alaska Biennial Report January 2 Once every 2 years
Arizona n/a n/a n/a
 Arkansas Annual Franchise Tax Report May 1 Once a year
 California Annual Franchise Tax Report The 15th day of the 4th month from the formation date Once a year
 California Statement of Information Last day of the anniversary month Once every 2 years
 Colorado Periodic Report Three-month window starting on the first day of the formation month Once a year
 Connecticut Annual Report Anniversary date Once a year
 Delaware Alternative Entity Tax June 1 Once a year (optional)
 Florida Annual Report May 1 Once a year
 Georgia Annual Registration April 1 Once a year
 Hawaii Annual Report The quarter that contains the anniversary month Once a year
 Idaho Annual Report Last day of the anniversary month Once a year
 Illinois Annual Report Anniversary date Once a year
 Indiana Business Entity Report Last day of the anniversary month Once every 2 years
 Iowa Biennial Report April 1 Once every 2 years
 Kansas Annual Report The 15th day of the 4th month after the close of the fiscal year Once a year
 Kentucky Annual Report June 30 Once a year
 Louisiana Annual Report Anniversary date Once a year
 Maine Annual Report June 1 Once a year
 Maryland Annual Report April 15 Once a year
 Massachusetts Annual Report Anniversary date Once a year
 Michigan Annual Report February 15 Once a year
 Minnesota Annual Renewal December 31 Once a year
 Mississippi Annual Report April 15 Once a year
 Missouri n/a n/a n/a
 Montana Annual Report April 15 Yearly
 Nebraska Biennial Reports April 1 Once every 2 years
 Nevada Annual List of Managers or Members Last day of the anniversary month Once a year
 New Hampshire Annual Report April 1 Once a year
 New Jersey Annual Report Last day of the anniversary month Once a year
 New Mexico n/a n/a n/a
 New York Biennial Report Last day of the anniversary month Once every 2 years
 North Carolina Annual Report April 15 Once a year
 North Dakota Annual Report November 15 Once a year
 Ohio n/a n/a n/a
 Oklahoma Annual Certificate Anniversary date Once a year
 Oregon Annual Report Anniversary date Once a year
 Pennsylvania Decennial Report December 31 Once every 10 years
 Rhode Island Annual Report November 1 Once a year
 South Carolina n/a n/a n/a
 South Dakota Annual Report First day of anniversary month Once a year
 Tennessee Annual Report The 15th day of the 4th month after the close of the fiscal year Once a year
 Texas Texas Franchise Tax Report May 15 Once a year
Public Information Report (PIR) Once a year
 Utah Annual Renewal Anniversary date Once a year
 Vermont Annual Report Within three months following the fiscal end Once a year
 Virginia Annual Registration Last day of the anniversary month Once a year
 Washington Annual Report Last day of the anniversary month Once a year
 West Virginia Annual Report July 1 Once a year
 Wisconsin Annual Report Last day of the quarter that contains the formation month Once a year
 Wyoming Annual Report First day of anniversary month Once a year
Washington DC Biennial Report April 1 Once every 2 years

Be mindful of the due date of your LLC’s annual report.

Be sure to submit them on time as submitting late reports, or not submitting any at all will incur hefty penalties.

Aside from late fees, penalties, and extra taxes, a state may even automatically dissolve your LLC.

To be always reminded of your LLC annual report due date, it is recommended that you set a repeating reminder on your calendar.

This is especially useful if your LLC is in a state where the due date isn’t fixed, and even more so if your LLC is registered and operates in several states.

Annual reports and Fees

Aside from filing annual reports, LLCs need to pay annual fees.

The amount varies from state to state.

Take note that this annual fee is separate from the one-time LLC filing fee you pay when registering your LLC.

The frequency of payments will also vary from state to state, though most states tie it to the filing of annual reports.

For example, in the state of Arkansas, you need to file an LLC annual report as well as pay the LLC annual fee every year.

Here’s a table for a quick view of each state’s LLC annual fee:

State LLC Annual/Biennial Fee
Alabama $100 minimum (every year)
Alaska $100 (every 2 years)
Arizona $0 (no fee and no information report)
Arkansas $150 (every year)
California $800 (every year) + $20 (every 2 years)
Colorado $10 (every year)
Connecticut $80 (every year)
Delaware $300 (every year)
Florida $138.75 (every year)
Georgia $50 (every year)
Hawaii $15 (every year)
Idaho $0 (however, an information report must be filed every year)
Illinois $75 (every year)
Indiana $30 (every 2 years)
Iowa $45 (every 2 years)
Kansas $50 through online, $55 by mail (every year)
Kentucky $15 (every year)
Louisiana $35 (every year)
Maine $85 (every year)
Maryland $300 (every year)
Massachusetts $500 (every year)
Michigan $25 (every year)
Minnesota $0 (however, an information report must be filed every year)
Mississippi $0 (however, an information report must be filed every year)
Missouri $0 (no fee and no information report)
Montana $20 (every year)
Nebraska $10 (every 2 years)
Nevada $350 (every year)
New Hampshire $100 (every year)
New Jersey $75 (every year)
New Mexico $0 (no fee and no information report)
New York $9 (every 2 years)
North Carolina $200 (every year)
North Dakota $50 (every year)
Ohio $0 (no fee and no information report)
Oklahoma $25 (every year)
Oregon $100 (every year)
Pennsylvania $70 (every 10 years)
Rhode Island $50 (every year)
South Carolina $0 (no fee and no information report, unless LLC is taxed as an S-Corp )
South Dakota $50 (every year)
Tennessee $300 (every year)
Texas $0 for most LLCs (however a No Tax Due Report and Public Information Report must be filed every year)
Utah $20 (every year)
Vermont $35 (every year)
Virginia $50 (every year)
Washington $60 (every year)
Washington DC $300 (every 2 years)
West Virginia $25 (every year)
Wisconsin $25 (every year)
Wyoming $60 minimum (every year)

Be sure to pay the appropriate amount of fees on time!

As with late filing or non-filing of the annual report, late payment or even non-payment of your LLC annual fee will result in severe consequences.

How do I file my LLC annual report and pay my LLC annual fee?

Depending on which state your LLC is in, you may submit your annual report either via mail (to the secretary of state) or through online filing.

You can pay your LLC annual fee when you file your LLC annual report.

For online filing, you may pay via online payment.

If filed by mail, you may attach a check or money order for the payment of the annual fee.

Optional Business Reports

Aside from the required LLC annual report, you may also prepare other business reports for your LLC.

While these reports are not required to be submitted by the state, they will help you in understanding your business more.

Examples of these reports are:

Financial Statements/Reports – including the three main financial statements (balance sheet, income statement, cash flow statement), and other financial reports such as financial analysis, projections, and forecasts.

These reports contain information about your company’s financial position, the efficiency of operations, profitability, flow of cash, etc.

Executive Summary – a one-page summary of all the key financial and other important information about your company; a quick and handy general view of your company’s performance

Report on Risks/Opportunities – a report on risks and opportunities related to the company, and how they are being dealt with; helps with knowing how and where your company can grow

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  1. IRS.gov "Annual Filing and Forms" Page 1 . August 31, 2021

  2. IRS.gov "Limited Liability Company (LLC)" Page 1 . August 31, 2021

  3. SBA.gov "Register your business" Page 1 . August 31, 2021

  4. SBA.gov "Business Structures - Limited Liability" Page 1 . August 31, 2021