After formation, most states require an annual (in some states biennial) report to keep records current. Filing it preserves your company’s good standing.
An Annual Report Is Not a Tax Return
The annual report is filed with the state and updates details such as address, officers and registered agent. A tax return is a separate filing with the IRS (and state tax agency).
State Examples
- Florida: every year between Jan 1 and May 1.
- Wyoming: every year by the first day of the anniversary month, minimum $60.
- Delaware LLC: $300 annual tax every year by June 1.
- Texas: Franchise tax report every May 15.
- New Mexico: no annual report for LLCs.
What If You Miss It?
Most states charge a late fee. If the report isn’t filed for a long time, the company can be administratively dissolved, and reinstatement means extra fees and paperwork.
Let Us Track It
The compliance calendar in your portal shows upcoming dates for your company’s state automatically and sends reminders. Start an annual report filing in one click.
Requirements vary by person and company. The information on this page is general and is not individualized legal or tax advice.
