5 Pay My R-Invoice Registered Agent Services Corporate Services UCC Services Client Tools & Resources More... What is an Annual Report? Submitted by UCS on March 31, 2021 Share Spring and annual report season are upon us! Whether you operate a corporation (C or S), a non-profit corporation, an LLC or LLP, your entity is required to file a report of activity throughout the lifespan of your business. Depending on the state, reports are required to be submitted annually, biennially and even decennially. When you understand your annual report obligations, you can plan more effectively and take the appropriate action to stay in compliance. What is an Annual Report? Annual reports keep the state apprised of information such as a company’s address, as well as the identity and addresses of its registered agent officers and directors or managing members. The exact requirements vary by state. Not every state requires a company to file an annual report. For e.g., Delaware requires LLCs, General Partnerships and LPs to pay a franchise tax but are not required to file an annual report. The Purpose of Annual Reports Annual/biennial/decennial report fees are a consistent revenue stream for the state. Another purpose is so that the state can maintain accurate and updated records for active companies. Within a year, so many things can change. A company may have moved locations, revised its structure or changed management. This is the type of information that is collected and stored by the state. Preparing Your Annual Report If you have not prepared an annual report before, here is what you should know: Your annual report will include all of your corporation’s activities conducted during the previous year. The information required will vary from state to state. The most commonly requested information includes (but is not limited to) the principal business address; the names/addresses of directors, officers, members, and/or managers; and the number of shares the corporation has issued. When are Annual Reports Due? In terms of deadlines, your annual report will need to be submitted based on your state’s guidelines. Some states will require you to file and pay by a predetermined date. In other cases, due dates are associated with the anniversary date of formation. Other jurisdictions such as New York and the District of Columbia file their report biennially. Click here to bookmark the UCS calendar for annual report due dates. In some states, due dates will also differ based on the type of company. For example, Delaware annual reports and franchise taxes are due March 1st for corporations while franchise taxes for LLC, General Partnerships and LPs are due June 1st . Failure to file your annual report can lead to severe consequences such as costly penalties and interest or even disqualification from conducting business in the state of registration. For state specific information about annual reports click here. Contact your Client Service Representative if you have further questions about annual reports or franchise tax due dates. Services Apostille/Legalization Company Formations Good Standing Certificates Document Retrievals Registered Agent Annual Report Filings UCC Filings UCC Searches Tax Lien Searches Bankruptcy Searches Judgement/Litigation Searches Intellectual Property/Trademark Searches Dissolution/Withdrawal Filings Mail Forwarding Remote Online Notarization Independent Director Charitable Solicitations Resources Annual Report Information Corporate Statutes Pay Delaware Franchise Tax Pay My R-Invoice UCS UCC eZFile UCS Connect UCS Podcast State Forms UCC Forms UCS Study Hall FAQ W-9 Form UCS YouTube Channel Contact Us About Us Meet the Team Careers Contact Us Paralegal Support Announcements Industry News SOS Holiday Closings Annual Report Due Dates Sign up for Industry News and Alerts Submit UCS makes no warranty or guarantee concerning the accuracy or reliability of the content at this site or at other sites to which we link. Assessing the accuracy or reliability of the information is the responsibility of the user. UCS shall not be liable for errors contained herein or for any damages in connection with the use of the information contained herein. UCS does not provide legal or tax advice. This information is for reference only. Privacy Policy | Accessibility Statement Copyright © 2021 United Corporate Services, Inc. UCS Connect is a trademark of United Corporate Services, Inc. 5.0 stars - based on 5 reviews This site uses cookies to offer you a better browsing experience. By continuing to browse the site, you are accepting the use of cookies. For more information click here. Accept