Annual Report Requirements

So you have your new shiny LLC or Corporation and you are feeling good. Nothing else to worry about except making money and paying taxes right? Wrong.

Most all states require that LLC’s and Corporations file Annual Reports.  While these reports are not complicated, and in the case of North Carolina only requires:

  • The name of the Corporation and the State of incorporation
  • Updated addresses of registered office and principal office
  • Names, titles and addresses of its principal officers
  • A brief description of the business

The penalty for not properly filing an Annual Report can be quite severe; loosing your LLC or Corporation protection and loosing the right to your corporate name.  Usually, if addressed quickly enough a company can get back in good standing if it pays a fine and files some additional forms.

Here are some sample Annual Report date requirements by State:

  • NC- C-Corp – due March 15 (FYE 12/31), LLC – due April 15
  • SC – C-Corp – due March 1 (FYE 12/31), LLC – March 1
  • VA – C-Corp – last day of month of file date, LLC – October 1
  • NY – C-Corp – last day of month of filed date (biennial), LLC – last day of month of filed date (biennial)
  • DE – C-Corp – March 1, LLC – June 1
  • CA – C-Corp – last day of month of file date (biennial), LLC – last day of month of file date (biennial)
  • NJ – C-Corp – file date, LLC – file date
  • CT – C-Corp – last day of month of file date, LLC – last day of month of file date
  • TX – No report required
  • GA – C-Corp – April 1, LLC – April 1
  • FL – C-Corp – May 1, LLC – May 1

If you would like to learn more about Annual Reports or becoming an LLC or a Corporation, please contact our firm.

Comments are closed.