How To File Annual Reports For LLCs: An Owner’s Guide (2026)
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Summary
- Annual reports update the state’s records and keep LLCs in good standing
- Some states charge a filing fee, franchise tax or both when you file
- Failing to file on time can lead to financial penalties
The benefits of an LLC are many. You can protect your personal assets, take advantage of flexible tax options, and show clients, vendors and competitors that your company is legitimate.
However, to enjoy those benefits, you must comply with several obligations. One of those is filing an annual report.
What an LLC Annual Report Is
An LLC annual report is a filing that every LLC is required to submit to the state. Most annual reports are brief and only include basic information.
Some states charge LLCs a franchise tax, which is essentially a fee for doing business in the state. Depending on where your LLC is located, you might be required to pay franchise tax when you send your report.
It’s important to note that an annual report isn’t a tax return. Filing LLC taxes is a separate process.
Which States Require One?
Nearly every state requires annual reports, and there’s some variation among those that do. Some states require reports biennially (every two years) instead of annually. Most use the term “annual report,” but not all do.
For example, California refers to this annual filing as a statement of information, and LLC owners only have to file every two years.
Information You Need to Include
Each state sets its own requirements, but generally, annual reports ask for the following:
- Your LLC’s legal business name
- Your business address
- Your mailing address
- The name and address of your registered agent
- Names and addresses of all LLC owners
Normally, the report must also be signed before it’s submitted.
When Your Annual Report Is Due
When your report is due depends on your state. Some states choose a specific date and make that the filing deadline for all LLCs. Others base the deadline on the date you founded your company.
How to File Your Annual Report
The website for your state’s business department or secretary of state office should include instructions for filing. Most states allow you to log into a portal, upload your form (or enter information directly into the website) and add payment information for the filing fee.
Annual Report Costs and Fees
State filing fees (and franchise taxes, if applicable) can vary tremendously. Some states charge just a few dollars, and others charge hundreds. To avoid any unpleasant surprises and make sure your company has set aside enough, verify how much you’ll owe in advance.
Penalties for Missing the Deadline
If you miss the filing deadline, penalties can escalate over time. Most states start with a late fee and then take away your “good standing” status if you continue to avoid filing. If you stay non-compliant for months or years, the state might dissolve your LLC.
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