Annual Reporting Frequently Asked Questions

Annual Filings (also known as “Annual Reports”) are forms that update or confirm the records of the state’s Division of Corporations. These annual reports must be filed each year to maintain an “active” status with the Department of State and are required regardless if you do or do not need to make changes to the state’s records. These reports are not the same as your annual tax return which is filed with the IRS. 

During the annual filing, you will be able to edit/change the EIN, principal address, mailing address, registered agent name and information, and make changes to the officer or directors. If you do not file an annual report timely, your business entity will be administratively dissolved or revoked in the state’s records which will result in reinstatement fees as well as late fees which can be as much as $400.

All businesses formed with your state are required to file an annual report – LLCs, C corporations, S corporations and nonprofit corporations must all file an annual report with the state’s Division of Corporations.

A penalty, sometimes in excess of $400, is applied if the report is filed after the annual deadline. The penalty may not apply to nonprofit corporations depending on your state’s policies.

If you are using our partner’s services to form your business you will be provided an option to select the partner to submit the required annual filings for your business, avoiding substantial late fees. If you elect not to choose this annual service while forming your business with us, then you may still request our partners to submit the annual filing for your business by clicking here.