Who is required to file an annual report?
Most states require all business entities to file some sort of annual report, with the specific requirements varying state by state. There are several states that have different reporting requirements depending on the type of business entity. If you are curious about the requirements in your specific state, please reference the chart provided below.
Why do I need to file an annual report?
Filing a report helps ensure that your business is complying with state regulations and remains in good standing with the legal authority to conduct and transact business. Failure to comply with these state-by-state requirements can lead to incurring fines, the loss of your personal liability protections or legal authority to act as a business entity, or even the administrative dissolution of your business.
What is required in an annual report?
While some states may require an extra piece of information, nearly all annual or biennial reports require the company's basic information, such as company name; office/mailing address; the names of its officers, owners, or members; and the registered agent's contact information.