Forming an LLC and starting a business is an exciting step and a big accomplishment, which also comes with many new responsibilities and requirements, such as filing a state Annual Report.
What is an LLC Annual Report?
An Annual Report is a document that details your LLC’s general information and changes over the previous year. The report varies depending on the state and the type of business entity, according to each state's rules, regulations, and timelines.
Filing a report is required by most states to maintain good standing status and remain compliant with the state. Failing to file your report on time may result in potential late fees, penalties, or even involuntary dissolution.
What is the Annual Compliance Service?
Worrying about filing an Annual Report on time can be overwhelming, especially when focusing on all the other responsibilities involved in running a business. As part of the Tailor Brands Annual Compliance service, we handle the Annual Report filing process for you, from report reminders to validation and filing. Our goal is to help your business remain compliant with your state.
How does the Annual Compliance Service work?
As your Annual Report filing due date approaches, our team will do its best to keep you informed by reaching out with any important updates, reminders, or critical details. If any reports are missing or delayed, we’ll notify you promptly to help avoid any potential issues.
Many states require a state filing fee to submit an Annual Report.
For states that don’t currently require an Annual Report, our team monitors your state’s regulations for any changes and will keep you updated if the requirements are changed.
How do I purchase the Annual Compliance Service?
The Annual Compliance service is included in our Elite and Essential LLC plans.
By choosing this service, you can have peace of mind knowing that our Annual Compliance team is taking care of your Annual Report filing and any related updates. This allows you to focus on growing your business and achieving your goals.
Please note that legal laws and regulations are subject to frequent changes. While we aim to provide helpful information, it's important to understand that this page serves only for informational purposes and does not provide legal or tax advice.
More questions? Getting in touch with us is easy - You can send us an email at contact@tailorbrands.com, click here for our phone contact information, or simply click the Help button located in the bottom right-hand corner of our website.