Annual reports serve as your business's "health check" with the state. They ensure your business information remains current and demonstrate ongoing compliance with state regulations.
Here's a comprehensive breakdown of annual report requirements for all 50 states, including filing frequency, fees, and deadlines:
These states require annual reports every year:
| State | Fee | Due Date | Notes |
|---|---|---|---|
| California | $20 (LLC), $25 (Corp) | Within 90 days of formation anniversary | Statement of Information required |
| Florida | $138.75 | May 1st each year | Fixed calendar deadline |
| Texas | $0 (LLC), $0 (Corp) | No annual report required | Public Information Report instead |
| New York | $9 (biennial) | Every 2 years | Biennial Statement filing |
| Illinois | $75 (annual) | Anniversary of formation | Includes franchise tax |
These states require reports every two years:
• Arizona: $0 (every 2 years)
• Colorado: $10 (biennial)
• Georgia: $50 (biennial)
• Michigan: $25 (biennial)
• North Carolina: $200 (biennial)
• Massachusetts: $125 (biennial)
• New Jersey: $75 (biennial)
• Pennsylvania: $7 (biennial)
• Virginia: $50 (biennial)
• Washington: $71 (biennial)
These states don't require traditional annual reports:
Annual reports typically require updating key business information. The exact requirements vary by state but generally include:
Some states require additional information:
• Gross revenue (some states)
• Number of employees
• Business activities
• Tax classification changes
• Stock information (corporations)
• Member changes (LLCs)
• Business purpose updates
• Contact information changes
Understanding filing methods and deadlines ensures you maintain compliance and avoid penalties.
States use different deadline systems:
| Deadline Type | How It Works | States |
|---|---|---|
| Formation Anniversary | Due on anniversary of business formation date | CA, IL, PA, OH, GA, NC, MI, NJ |
| Fixed Calendar Date | Due on specific date each year | FL (May 1), NY (March 15) |
| Biennial Cycle | Due every 2 years from formation | AZ, CO, MA, VA, WA |
The consequences of missing annual report deadlines can be severe and costly for your business:
Professional compliance services provide peace of mind and protect your business from costly violations and penalties:
Professional compliance services vs. the cost of non-compliance:
| Service Type | Annual Cost | Time Saved | Risk Reduction |
|---|---|---|---|
| DIY Compliance | $0 | 10-20 hours/year | High risk of penalties |
| Professional Service | $99-199/year | Zero time investment | Eliminates penalty risk |
| Penalty Cost (if missed) | $500-2,000+ | Lost business time | Business disruption |
If your business operates in multiple states, compliance requirements become more complex:
Operating in states other than your formation state requires:
For multi-state businesses, a comprehensive compliance strategy is essential:
• Single system for all state deadlines
• Automated reminders and alerts
• Centralized document storage
• Compliance status dashboard
• Expert handling of multi-state filings
• Registered agent services in all states
• Tax compliance coordination
• Legal requirement updates
Don't risk costly penalties and business disruption with missed compliance deadlines. Form your business completely free with expert guidance and ongoing support. Pay only state filing fees - no service charges!