Glossary
Annual report (state)
A yearly (sometimes biennial) filing that confirms an entity's address, agent and officers with the state, usually with a fee. Missing it revokes good standing.
Not a financial report. The state annual report is a form and a fee: Florida $138.75 by May 1, Delaware LLCs a $300 tax by June 1, Massachusetts $500, Wyoming a $60 minimum on the anniversary month, New Mexico and Arizona nothing at all. Some states call it a periodic report, a biennial statement, an annual registration or a franchise tax report; the function is the same.
The consequence of missing it is administrative dissolution or revocation, plus late fees and a reinstatement process. Banks and payment processors check good standing. The dates are all on the state pages and in our calendar file.
Ask a Certified Accountant instead
Two sentences about your situation and we reply within 8 hours with a fixed quote, or with the answer if it is a quick one.
Get a fixed quote
Tell us the basics. We reply within 8 hours, no obligation.