Running your own LLC (limited liability company) means juggling plenty of responsibilities, from keeping customers happy to planning your next big move. Filing your LLC annual report might not feel as exciting as landing a new client or launching a product, but it’s just as important. Think of it as your business’s yearly check-in with the state. It confirms that your company is still active, your information is up to date, and you’re doing things by the book.
Skipping it can lead to penalties or even put your company’s good standing at risk, and no entrepreneur wants that headache. The good news is, the process is straightforward once you know what to expect.
In this guide, we’ll cover the basics of the LLC annual report, why it matters, and how to file an annual report for your LLC so you can keep your focus on running your business.
Related: What is an LLC?
What exactly is an LLC annual report?
An LLC annual report is a required filing that keeps your business information current with the state. It typically includes details like your company’s name, address, ownership, and registered agent to maintain your LLC’s good standing and compliance with state regulations.
While the filing requirements vary by state, the purpose is the same: to confirm your LLC is active and operating legally. Missing this report can result in fines or even administrative dissolution, so it’s a task worth prioritizing.
Filing your report doesn’t need to be complicated. If you’re still figuring out the basics of how to start an LLC, annual reports are simply part of the upkeep that ensures your business stays on track. Keep in mind that different types of LLCs may have different reporting requirements. Tools like GoDaddy Airo can help streamline your workflow so you can spend less time on paperwork and more time building your brand.
What is the primary purpose of an LLC annual report?
The main purpose of an annual report is to keep your LLC’s key information accurate and up to date with the state. It ensures your business remains compliant, in good standing, and legally recognized as an active entity.
An LLC yearly report is also an accountability measure. It gives state agencies an updated record of your company’s ownership, management, and contact details. That way, if official notices or legal documents need to be delivered, they reach the right place.
Additionally, staying on top of annual reporting protects your LLC’s credibility. Clients, partners, and even lenders may view compliance as a sign of professionalism and reliability.
Related: LLC vs. LLP
States that don’t require LLC annual reports
Not every state requires LLCs to submit annual reports. However, they may mandate alternative filings, like franchise taxes or biennial reports.
| States that don’t require an annual report | Other types of reports needed | Due date |
|---|---|---|
| Alabama | Business Privilege Tax Return | Same date as federal return |
| Alaska | Biennial Report | Every two years on January 2nd |
| Arizona | None | N/A |
| Arkansas | Annual Franchise Tax Report | Yearly on May 1st |
| Colorado | Periodic Report | Yearly on the last day of the anniversary month |
| Delaware | Alternative Entity Tax | Yearly on June 1st |
| Indiana | Business Entity Report | Every two years on the last day of the anniversary month |
| Iowa | Biennial Report | Every two years on April 1st |
| Minnesota | Annual Renewal | Yearly on December 31st |
| Missouri | None | N/A |
| Nebraska | Biennial Report | Every two years on April 1st |
| Nevada | Annual List of Managers or Members | Yearly on the last day of the anniversary month |
| New Mexico | None | N/A |
| Ohio | None | N/A |
| Oklahoma | Annual Certificate | Yearly on the anniversary date |
| South Carolina | None | N/A |
| Texas | Texas Franchise Tax Report; Public Information Report (PIR) | Both reports due yearly on May 15th |
| Utah | Annual Renewal | Yearly on the last day of the anniversary month |
| Virginia | Annual Registration | Yearly on the last day of the anniversary month |
| Washington D.C. | Biennial Report | Every two years on April 1st |
How to prepare, create, and file the annual report for your LLC
Filing your LLC annual report doesn’t need to be stressful. Most states make the process quick and straightforward. Every state has different requirements, but the steps below can be used as a guide.
Step 1: Gather your LLC details
Collect the basic information your state requires. This usually includes your:
- LLC name
- Principal address
- Registered agent details
- Member or manager information
Step 2: Confirm state-specific requirements
Each state has its own rules about what needs to be included and when it’s due. Double-check to make sure you have the right forms, fees, and deadlines in front of you. You can usually find this information on your state’s Secretary of State website.
Step 3: Complete the form
Most states offer online filing, which is the fastest option. Fill in your details carefully to make sure they match exactly with what the state already has on record.
Step 4: Pay the filing fee
Almost every business annual report comes with a filing fee, which can range from a small amount to several hundred dollars, depending on the state. Make sure the payment is submitted at the same time as your form.
Step 5: Keep proof of filing
Once your report is submitted, save a digital copy or confirmation notice for your records. This ensures you can prove compliance if needed and helps you stay organized for next year’s filing.
Need more information on filing an LLC annual report in your state? Check out the guides below!
- Arizona annual reports
- Texas annual reports
- Florida annual reports
- California annual reports
- Pennsylvania annual reports
Is completing an LLC annual report mandatory for your business? Consequences to know
Filing an LLC annual report is mandatory in most states. Deadlines vary by state, but missing them can quickly lead to penalties.
Late filings often come with fees that increase the longer you wait. In some cases, failing to file can cause your LLC to lose its good standing, which may limit your ability to secure financing, enter into contracts, or expand your operations. Continued noncompliance could even result in administrative dissolution, meaning your business will no longer be legally recognized.
Important financial reports every LLC should keep
An LLC annual report is just one piece of the bigger financial picture. To keep your business running smoothly, you’ll want to stay on top of other key records as well. For example, maintaining accurate bookkeeping and detailed financial projections can help you plan for growth and identify potential challenges before they happen.
It’s also important to understand your tax obligations. While the annual report is filed with the state, taxes are handled separately. Our guide to filing other taxes breaks down what LLC owners need to know, from income tax to self-employment contributions.
Related: Business tax deadlines
LLC compliance made simple
Filing your LLC annual report is a simple step that protects your company’s good standing and keeps your business on track for the future. Filing it on time keeps your business compliant and primes you to take on new opportunities without unnecessary roadblocks.
If you’re ready to simplify your business management, let GoDaddy Airo do the heavy lifting. From guiding you through key filings to helping streamline everyday tasks, it’s built to save time and give you the tools you need to stay focused on growth.
