A missed annual report can lead to late fees, loss of good standing, and eventually the involuntary dissolution of your LLC — all for a filing that takes 5 minutes. Here’s everything you need to know.
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An annual report (also called a Statement of Information, Biennial Report, or Annual Registration depending on your state) is a regularly required filing that updates your state on basic information about your LLC: current name and address, members or managers, and your registered agent.
It is not a financial report. You’re not submitting tax info or profit/loss statements. It’s simply your state saying: “Confirm you still exist and here’s how we reach you.” Most states charge a filing fee when you submit it.
Annual Report Deadlines by State
| State | Frequency | Due Date | Fee |
|---|---|---|---|
| Florida | Annual | May 1 | $138.75 |
| Texas | Annual | May 15 | Varies |
| Delaware | Annual | June 1 | $300 |
| California | Biennial | Anniversary month | $20 |
| New York | Biennial | Anniversary month | $9 |
| Wyoming | Annual | Anniversary month | $60 min |
| Nevada | Annual | Anniversary month | $350 |
| All 50 States → | Varies | Varies | Varies |
What Happens If You Miss the Deadline?
Step 1 — Late fees. Most states charge a late penalty immediately. Florida adds $400 — on top of the $138.75 standard fee. That’s $538+ for missing a date.
Step 2 — Loss of good standing. Your LLC falls out of good standing — meaning you can’t get a Certificate of Good Standing, which is required to open business bank accounts, obtain loans, sign commercial leases, or register in other states.
Step 3 — Administrative dissolution. After 60–180 days depending on state, your LLC gets administratively dissolved. You lose your limited liability protection. Any debts or lawsuits can flow directly to you personally.
Step 4 — Reinstatement. Most states allow reinstatement — but you’ll pay all past-due fees, accumulated penalties, and a reinstatement fee. It’s expensive and entirely avoidable. Also see: How to Dissolve an LLC properly if you’re actually closing up.
Frequently Asked Questions
What is an LLC annual report?
An annual report is a state-required filing that updates your state’s business registry with current LLC info — address, members, registered agent. It is not a financial report and has nothing to do with your taxes.
What happens if I don’t file an annual report?
Late fees, loss of good standing, and eventually administrative dissolution of your LLC. Dissolution eliminates your limited liability protection. Most states allow reinstatement but it’s costly.
Do all states require LLC annual reports?
No. Ohio, Missouri, and New Mexico are among states that don’t require annual reports. Most do — though some require them biennially rather than annually.
Is an annual report the same as a tax return?
No. They are completely separate. An annual report updates your state registry. Your tax return goes to the IRS and your state tax authority. You may owe both — filed separately on different schedules.
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