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Frequently asked questions

1. What are annual reports?

   Annual reports are forms that keep your business's information—its name, address, managers, etc.—up to date with the state. They must be filed with the Secretary of State (or other state filing office) every year—in some states, every two or ten years. The name, definition, and scope of the reports can vary, but most states require businesses to file them on a regular basis.

2. What information do I need to file my annual report?

   Generally, LLCs will need the most current name and address of the company, its registered agent, and its managers. Corporations usually need to list officers and directors, and may also need stock information.

3. What happens if I don't file my annual report?

   You could lose your good standing with the state and need to pay late fees. If you fail to file completely, you might face the administrative dissolution of your company. The state will no longer recognize your company as a legal entity, which could affect contracts, hurt business relationships, and expose you to personal liability.

4. What are other names for annual reports?

   It can vary among states, but here are some common names: Statement of Information (CA), Public Information Report (TX), and Biennial Statement (NY).

5. When is my annual report due?

   States have different filing windows and deadlines, and submissions outside of those windows may not be accepted. For example, the California Secretary of State has a six-month filing window before, and including the month of your business formation. Check your state's filing window to make sure your order and paperwork can be processed on time. You can also get email and text reminders for annual reports and business income tax filings through our Compliance Calendar.

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