Who Files an Annual Report? A Guide on Filing Annual Reports in Various States

For firms to keep their good status with the state, annual reports are essential. It includes crucial details on the ownership, management, and financial standing of the business. Most US states mandate it, and failing to do so may result in fines or possibly the license of the business being revoked. In this article, we’ll go over who must file annual reports and how it works in different states.

All businesses in Nevada, including LLCs, corporations, and partnerships, must submit an annual report. For companies and LLCs, the filing fee is $150 and $200 respectively. When the anniversary of the business’s registration comes on the last day of the month, the report is due on that day. The annual report is required each year by June 30th, for instance, if the company was registered on June 15th. The Nevada Secretary of State’s website offers online and postal filing options.

All companies and LLCs in Wisconsin are required to submit an annual report. The filing price is $40 for corporations and $25 for LLCs. On the anniversary of the business’s registration, the report is due. The annual report is due each year on May 31st, for instance, if the company was registered on May 10th. The Wisconsin Department of Financial Institutions website offers online and postal filing options.

Businesses are not required to submit an annual report in Washington State. They must, however, renew their company license annually. Depending on the region and type of business, there are different renewal fees. Through the website of the Washington State Department of Revenue or by mail, you can renew your business license.

In Washington State, a business structure called an LLC, or limited liability company, combines the advantages of a corporation and a partnership. It provides its owners with personal liability protection and the adaptability of a partnership. LLCs must submit an annual report to the state of Washington, which costs $71. On the anniversary of the business’s registration, the report is due. The annual report is required each year by July 31st, for instance, if the company was registered on July 1st. The Washington State Secretary of State’s website offers online and postal filing options.

In conclusion, it is essential for companies to file an annual report in order to keep their good standing with the state. States may have different laws and regulations, but compliance is required. Corporations and LLCs must file yearly reports in Wisconsin and Nevada, but only LLCs are required to do so in Washington State. Additionally, every year, Washington State enterprises must renew their company licenses. Although the filing process may vary, online filing is typically the simplest and most practical option.