LLC annual compliance requirements

Most states require an annual or biennial report to maintain good standing; a few states do not require routine reports (examples: Arizona, Delaware, Texas, New Mexico). - Fees vary widely: nominal ($10$20 in some states) to substantial ($300 in D.C., $800 California franchise tax). - States use different names for the filings: "annual report," "biennial report," "statement of information," "franchise tax report." - Some states impose franchise or privilege taxes separate from the report fee; amounts and calculation methods differ. - Registered agent and principal office updates are commonly required; failure to file can lead to administrative dissolution, penalties, and loss of liability protection. - LLC federal tax filing depends on tax classification; by default LLCs are pass-through entities taxed as partnerships (or sole proprietorship for single-member), but can elect corporate taxation using Form 8832 or S-election via Form 2553. - Best practices: maintain operating agreement, EIN, accurate member records, set reminders for state deadlines, keep registered agent current, and consider engaging a compliance service or CPA.

Most states require an annual or biennial report to maintain good standing; a few states do not require routine reports (examples: Arizona, Delaware, Texas, New Mexico). - Fees vary widely: nominal ($10$20 in some states) to substantial ($300 in D.C., $800 California franchise tax).

- LLC federal tax filing depends on tax classification; by default LLCs are pass-through entities taxed as partnerships (or sole proprietorship for single-member), but can elect corporate taxation using Form 8832 or S-election via Form 2553.

• States use different names for the filings: "annual report," "biennial report," "statement of information," "franchise tax report."
• Some states impose franchise or privilege taxes separate from the report fee; amounts and calculation methods differ.
• Registered agent and principal office updates are commonly required; failure to file can lead to administrative dissolution, penalties, and loss of liability protection.
• Best practices: maintain operating agreement, EIN, accurate member records, set reminders for state deadlines, keep registered agent current, and consider engaging a compliance service or CPA.