• Inc annual-report-prep-file

The painless way to maintain your company's good standing.

Preparing and filing annual reports for your company demands time, diligence and expense. Deadlines and filing requirements vary from state to state, and with annual reminders becoming a less-common courtesy, it's easy to be left in the dark about when your annual reports are due. Save time and reduce your chances of filing mishaps by outsourcing your annual report needs to incorporate.com.

With incorporate.com's Annual Report Prep and Filing services we'll:

By filing an annual report, you're providing the Secretary of State with updated information about your business. The details of your annual report may vary from state to state, but typically include information about your corporation or LLC such as:

  • Conduct an initial audit to ensure you are in good standing
  • Track filing deadlines for your annual reports
  • Prepare annual reports on your behalf and file the completed documents
  • Update your company information in the CSCNavigator® platform

Our Annual Report specialists will prepare and submit all of your annual report paperwork to the offices of the Secretary of State. We contact you 30-60 days prior to your Annual Report due date to complete the filing, ensuring you meet your state requirements on time.

incorporate.com's Annual Report Preparation and Filing services will allow you to:

  • Eliminate unreliable tracking methods
  • Reduce the risk of missed filings and loss of good standing
  • Avoid the cost of reinstatement fees, penalties and interest, and even the expense of cutting and mailing checks.

By letting incorporate.com take care of your day-to-day annual report needs, you'll have time to focus on other, more ambitious business goals.

Annual Report FAQs

What is an Annual Report?

Most entities are subject to regular reporting requirements to the federal government, state jurisdiction, and/or local jurisdictions in which business is transacted. The definition of an annual report is a required filing due to the Secretary of State, usually a listing of directors, officers and some financial information.

Back to Top

What is the purpose of filing an Annual Report?

The purpose of filing an annual or biennial report is to provide the jurisdiction with current information on the company's structure (officers, directors, members, registered agent, etc.) and finances (authorized shares, issued shares, stated capital, paid in capital, etc.) In many states the amount of a company's franchise tax due is often determined by the information provided by the company on its annual report.

Back to Top

Are there other names for an Annual Report?

All states are different, and although the Annual Report is similar in all states, the state may actually call it something different. Some examples are:

  • Delaware - Annual Franchise Tax Report
  • California - Statement of Information
  • Nevada - Annual List
  • Oklahoma - Annual Certificate
Back to Top

Is an Initial Report the same as an Annual Report?

An initial report is the same as an Annual Report; however, it is usually due soon after forming a business entity, and is in addition to an Annual Report filing.

Back to Top

What is the difference between an Annual Report and a Franchise Tax?

Distinguishing an Annual Report from a Franchise Tax Report can be confusing, since the name of the annual report in some states is called an Annual Franchise Tax Report. The name of the report doesn't always indicate exactly what it is, so you'll need to know the state office you're required to file with. All states are different, and in some states you may need to file an Annual Franchise Tax with the Secretary of State (similar to an Annual Report), and in others you may need to file a Franchise Tax with the Department of Taxation or Franchise Department.

Back to Top

Are Annual Report requirements the same in all states?

No. Each state has its own requirements regarding Annual Reports. Not only are Annual Report requirements dependent on the individual state laws, but they are also dependent on other factors such as the date of registration, entity type, and other state regulations.

Back to Top

Will my Annual Report due date be the same every year?

It depends on the state laws where you'll file your Annual Report. States have the ability to change the requirements surrounding Annual Reports at any time, with or without notice. To be safe, always ensure that you've researched the most up to date state requirements, so you don't miss the filing deadline.

Back to Top

What happens if I ignore or miss my Annual Report due date?

Missing an Annual Report due date can have major consequences. A company's good standing status and even its rights to exist can be jeopardized by ignoring annual report requirements. A company may also incur monetary penalties for not filing their report on time. If you are late to file your annual report, depending on the state, you'll have to pay penalty fees and reinstatement fees, both of which are much higher than the price of actually filing the annual report for the first time.

Back to Top

Can I make amendments to my company information when I file my Annual Report?

It depends on the state. Some states allow a corporation to amend it's list of officers and directors, or change the stock structure.

Back to Top

Have a question?

Our incorporation specialists have the answer.

Chat Now