Forming your LLC is a one-time event. Keeping it alive is a yearly habit — and the annual report is the centerpiece of that habit.
What an annual report is
It’s a short filing where you confirm your company’s basic details with the state: address, registered agent, and sometimes members or managers. Many states charge a fee with it.
Skip an annual report and the consequences escalate: a late fee, then loss of “good standing”, then administrative dissolution. A dissolved LLC loses its liability protection — exactly the thing you formed it for.
It varies a lot by state
There’s no single national deadline. Some states want it yearly, some every two years, and some (like New Mexico) don’t require one at all for LLCs.
How to never miss one
The filing takes minutes; the hard part is remembering every deadline for every entity, in every state, every year. That’s what compliance software is for. Taxly tracks each company’s deadlines, reminds you before they hit, and can file the report for you so good standing just stays intact.
Keep your company in good standing
See compliance →
