Your LLC Annual Report Filing Requirements

If you own an LLC, you need to be aware of your state's LLC filing requirements. Find out whether your state requires you to file an LLC report and what business, franchise, employer, and sales taxes your LLC could be responsible for.

By , Attorney

If you run a limited liability company (LLC), you might have to file a report with your state every year or every other year. Many states require LLCs to submit a filing to update the state's records for the business.

Along with your report, you could need to pay taxes and file state tax returns throughout the year. Depending on your state and business activities, you could be responsible for business and franchise taxes, employer taxes, and sales and use tax.

To learn the rules for your state, check out our state guide to LLC tax and filing requirements.

LLC Annual Report Filing Requirements

Most states require you to file a report on a regular basis to update your LLC's information. For example, you usually have to confirm or update the addresses of your registered agent and principal office.

Each state has different rules about:

  • whether you must file an LLC report
  • when and how often the report need to be filed
  • what fees must be paid, and
  • whether other documents need to be filed along with the report.

If you file your report every year, the report will usually be called an "annual report." If you file your report every other year, your report is usually called a "biennial report." However, states have other names for these kinds of reports. Your state might call the report a "registration," "renewal," "statement of information," or some similar name.

Are You Required to File an LLC Annual Report?

As an LLC owner, you must first determine whether your state even requires you to file an annual report or statement of information. In an effort to improve their business climate, a number of states don't require LLCs to make annual reports—such as Delaware, Ohio, and South Carolina.

However, most states do require an LLC to submit a report. States use these reports to find out the general state of your LLC and to determine whether your LLC is still operating.

Most states provide a simple form for LLC members to fill out. These forms usually ask for basic information such as your LLC's:

In some instances, you might have to complete other government filings if there are important changes to your business information. For example, you might need to file additional forms if your LLC has a new owner, you changed your business's name, or you want to dissolve your LLC voluntarily.

How Often Must Your Report Be Filed?

The term "annual" report is a bit of a misnomer because not all states require LLCs to file a yearly report. Usually, states either require LLCs to submit a filing every year or every other year.

Annual reports. Most states require LLCs to submit a report every year by a certain deadline.

Biennial reports. After an initial filing, some states—such as California, Iowa, and Indiana— require LLCs to file a report every other year. In some states, you'll file a report every two years from the year you formed your LLC. For instance, if you filed your report in 2020, then your next report would be filed two years later in 2022. Other states require the reports to be filed on odd years regardless of when you formed your LLC. If you're in one of those states and filed your LLC in 2020, for example, then your next report would be due in 2021.

What Is the Deadline to File an Annual Report?

Besides how often you must file, you also need to determine the appropriate date to make your report. Each state has its own filing deadlines:

  • Some states set forth one uniform date for all LLCs to file their reports (for example, June 1).
  • Other states opt to have LLCs file on or before the anniversary date of their LLC's formation—sometimes on the exact anniversary date or on the first or last day of your LLC's anniversary month.
  • Other states set a range of several months in which you must file your report.

If you miss your deadline, you can usually still file your report. Some states give you a grace period where you can file your report without a fee. Other states let you file your report late but with a penalty.

How Much Does the Annual Filing Cost?

Depending on your state, you could need to pay a fee to file your report. Filing fees vary greatly between states. Some states only collect a nominal fee, such as $10, while others might charge hundreds of dollars to file. You should check with your state for its current filing fees. You can usually find this information on the website of the department that handles these filings (usually the secretary of state's office).

Are There Consequences for Not Filing the Annual Report?

Failing to file a required LLC report and pay the associated fee could result in a number of potential consequences:

  • The state could involuntarily or administratively dissolve your LLC.
  • You could have to pay any outstanding fees or taxes owed plus any applicable late penalties.
  • You could lose your LLC status and thus lose your limited liability protections as an owner.
  • You could breach your duties under your LLC's operating agreement or be in default under your LLC's loan and insurance obligations.

The consequences for not filing your report depend on your state and your contractual obligations. For example, suppose you're responsible for submitting your company's annual report under the LLC operating agreement. But you've failed to submit the report for the past two years. Your operating agreement might say that you're personally responsible for paying the late fees and any interest that's accumulated because of the late filing.

State-Specific LLC Annual Report Filing Requirements

State

Is an annual report required?

What's the deadline for the report?

What's the filing fee for the report?

How do you file your annual report?

Alabama

No—the annual report is included with the Business Privilege Tax return

N/A

N/A

N/A

Connecticut

Yes, every year

March 31

$80

Filing online is mandatory

Idaho

Yes, every year

Last day of the LLC's anniversary month

$0

You can file online

Indiana

Yes, every other year

Anniversary of LLC's registration date

$32 ($50 if paper filing)

You can file online or mail in the completed form

Kentucky

Yes, every year

June 30

$15

You can file online or by mail

Louisiana

Yes, every year

Anniversary of LLC's registration date

$30

You can file online

Maryland

Yes, every year

April 15

$300

You can file online or by mail

Minnesota

Yes, every year

December 31

$0

You can file online or mail in the completed form

Missouri

No

N/A

N/A

N/A

Montana

Yes, every year

April 15

$20

You can file online

Nevada

Yes, every year

Last day of the LLC's anniversary month

$150 for annual list, $200 for business license

You can file online or mail in the completed form

New Hampshire

Yes, every year

April 1

$100

You can file online

New Jersey

Yes, every year

Last day of the LLC's anniversary month

$75

You can file online

Oklahoma

Yes, every year

Anniversary of LLC's registration date

$25

You can file online or mail in the completed form

Oregon

Yes, every year

Anniversary of LLC's registration date

$100

You can file online

Rhode Island

Yes, every year

May 1

$50

You can file online or mail in the completed form

Utah

Yes, every year

Last day of the LLC's anniversary month

$18

You can file online or mail in the completed form

Wisconsin

Yes, every year

The end of the calendar quarter your LLC was registered

$25

You can file online

This information is provided as of 2023.

LLC Tax Filing Requirements

Your business could be responsible for filing federal and state tax returns and paying various taxes.

Income tax. By default, LLCs are taxed as partnerships, which are pass-through tax entities. With a pass-through entity (like an LLC taxed as a partnership), the business's income passes through to the owners, who pay taxes on and report their share of the income on their individual returns. The business itself doesn't pay income tax. However, some LLCs elect to be taxed as corporations instead of as partnerships. In these instances, your company will need to pay state and federal corporate taxes and file the appropriate returns. Some states don't have an income tax. In those states, you only need to worry about federal income tax. (For more, see our article on how LLCs are taxed.)

Franchise tax. Some states impose a franchise tax—sometimes called a "privilege tax"—on businesses. States will charge businesses a fee or tax for the privilege of doing business in the state. The fee is usually either a set flat fee or a fee based on the company's income that year.

Employer tax. If your LLC has employees, you probably need to pay employer taxes to the federal and state government. Federally, employers and their employees each pay half of the employee's Social Security and Medicare taxes. Your business will probably also need to pay federal and state unemployment insurance (UI) tax. If your state has a personal income tax, you'll also need to withhold employee income taxes.

Sales and use tax. If your business sells goods or provides services that are taxable, then you'll need to collect and report sales tax. After collecting the appropriate tax from the customer, you'll send it to the appropriate state taxing agency. In addition to state sales tax, you might need to collect local sales tax. Some states—including Alaska, Delaware, Montana, New Hampshire, and Oregon—don't have sales tax. Many states will also apply a use tax, a tax levied on goods and services that are used or consumed within the state when sales tax isn't collected.

You'll need to pay your business taxes periodically. Depending on your state and the type of tax, these taxes could be due every year, every quarter, every month, or every week or day.

In most states, you'll need to register with the state taxing authority to pay and report your business taxes. You can usually register online. In some states, the same agency handles all or most business taxes. In other states, you'll need to register with multiple departments and agencies to cover the taxes your LLC is responsible for. For example, you might need to file with your state's:

  • department of revenue (DOR)
  • department of labor (DOL)
  • department or division of taxation (DOT), or
  • other similar department or agency.

State-Specific LLC Tax Requirements

Let's look at state requirements for LLCs. We'll look at franchise taxes that are specific to LLCs. You might come across a franchise tax specific to corporations in your state that's not listed here.

If you have LLC members who aren't residents of the state where you're registered and pay taxes, then you might have additional requirements. If you have questions about specific tax and filing requirements for your business, you should check with a business or tax attorney.

State

Franchise tax?

How to file franchise tax

Corp. income tax rate

How to withhold employee income

How to pay UI

How to report sales and use tax

Alabama

Business Privilege Tax based on LLC's net worth with $100 minimum

File Form PPT with DOR

6.5%

File Form A-1 quarterly or Form A-6 monthly, and Form A-3 annually with DOR

File Form SR-2 with DOL

Register with DOR and make periodic payments

Connecticut

None

N/A

7.5% with $250 min. tax

Register on myconneCT to make payments and file reconciliations periodically with DRS

File quarterly returns with DOL using ReEmployment system

File Form OS-114 periodically with DRS using myconneCT

Idaho

None

N/A

6%

Register with STC and file Form 910 periodically and Form 967 for annual reconciliation

Register with DOL to file Form TX20/TX26 quarterly

File Form 850 periodically with STC using Taxpayer Access Point (TAP)

Indiana

None

N/A

4.9%

Register with DOR and file Form WH-1 periodically and Form WH-3 for annual reconciliation through INTIME

Register with DWD, file quarterly wage and unemployment reports

Register with INBiz and file reports monthly or annually

Kentucky

Limited Liability Entity Tax based on profits with $175 minimum

File Form 720 or pay online with DOR

5%

Register with DOR and file taxes periodically and Form K-3 for annual reconciliation

Register with Kentucky Career Center, file Form UI-3 quarterly

Make periodic payments online with Kentucky Business OneStop

Louisiana

None

N/A

3.5 - 7.5%

Register with DOR through geauxBiz, file Form L-1 quarterly and Form L-3 for annual reconciliation, and pay taxes periodically

Register with Louisiana Workforce Commission and file quarterly reports

Submit sales tax returns to DOR periodically

Maryland

None

N/A

8.25%

Register with Comptroller of Maryland using bfile and file Form MW506 periodically and Form MW508 for annual reconciliation

Register with Division of UI and file employment reports quarterly

File sales and use tax return with Comptroller online

Minnesota

Yes, for LLCs with two or more members and $1.16m or more in property, payroll, sales, or receipts

Fee is calculated when you submit your partnership or S corporation tax return

9.8%

File tax returns and deposits periodically with the DOR

Register your employer account with Dept. of Employment and Economic Development and file quarterly reports

File and pay sales and use tax through MN e-Services periodically

Missouri

None

N/A

4%

Register with DOR and file Form MO-941 on a periodic basis and Form MO-W3 for annual reconciliation

Register with DOL and file MODES-4 quarterly

File sales tax return to DOR using Form 53-1 periodically

Montana

None

N/A

6.75%

Register with DOR through TAP and file taxes periodically and Form MW-3 for annual reconciliation

Register with DOLI using UI eServices and file Form UI-5 quarterly

No statewide sales tax

Nevada

None

N/A

None

No state income tax to withhold. Might need to pay Modified Business Tax to DOT if subject to Unemployment Compensation Law

File quarterly wage reports using the Employer Self Service portal

Pay and file sales and use tax return to DOT periodically

New Hampshire

Business Profits Tax (BPT) on LLCs with income before expenses of more than $103,000; Business Enterprise Tax (BET) for LLCs with enterprise value tax base of more than $281,000

Submit payment and forms to DORA

BPT is 7.5%, BET is .55%

No state income tax to withhold

Register with Unemployment Insurance System and file quarterly tax and wage reports

No statewide sales tax

New Jersey

None

N/A

6.5 - 9% with min. tax

Register with DOT and file taxes periodically and Form NJ-W-3 for annual reconciliation

Register with DLWD and file quarterly contribution reports

File quarterly sale and use tax returns with DOT

Oklahoma

None

N/A

4% with min. tax

Register with Oklahoma Tax Commission (OTC) using OkTAP and file reports periodically

Register with Employment Security Commission through EZ Tax Express and file a quarterly adjustment reports

Pay sales and use tax periodically to the OTC

Oregon

None

N/A

6.6 - 7.6% with min. tax

Register with DOR and file reports periodically and Form WR for annual reconciliation

File Forms OQ and 132 on quarterly basis to Oregon Employment Dept.

No statewide sales tax

Rhode Island

$400 minimum business corporation tax on LLC

File Form RI-1065 with DOT

7% with $400 min. tax

File taxes periodically and Form RI W-3 for annual reconciliation online with DOT

File Form TX-17 quarterly with Dept. of Labor and Training

Register with DOT and pay sales and use tax periodically

Utah

None

N/A

5% with $100 min. tax

File Form TC-941E quarterly and an annual reconciliation with State Tax Commission (STC) using TAP

File quarterly contributions online with Utahid

Pay sales and use tax periodicallt to the STC using TAP

Wisconsin

None

N/A

7.9%

File Form WT-6 periodically and Form WT-7 for annual reconciliation with DOR through My Tax Account (MTA)

File quarterly reports online with DWD

Pay sales and use tax periodically to the DOR through MTA

This information is provided as of 2023.

Additional Guidance for LLC Tax and Filing Requirements

Fortunately, most states keep LLC reporting to a minimum and often provide online reporting options to help reduce paperwork and mailing costs. Check your secretary of state's and revenue department's websites for more information on your requirements.

Most state filing requirements are fairly straightforward. Many LLC owners are able to submit their reports and pay the required taxes themselves. But your case could be more complicated. Your state might have complex filing requirements or you could have a heavy tax burden that results in multiple returns and calculations. If you need help with your reporting requirements, talk to a business attorney. If you need help determining how your LLC should be taxed or what your tax obligations are, you should talk to a tax expert. Consider working with an accountant, tax adviser, or tax attorney to make sure your legal obligations are met.

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