Annual Filing

What is an annual filing?

An annual filing is a required yearly report submitted to state authorities to maintain your business registration in good standing. Common names include annual report, statement of information, and periodic report. The filing typically confirms current business address, registered agent, officers, and directors. Filing fees range from $20 to several hundred dollars depending on the state.

Consequences of missing filings

Failure to file annual reports results in late fees initially. Continued non-compliance leads to administrative dissolution or revocation of your authority to do business. Dissolved entities lose liability protection, and officers may become personally liable for company debts. Reinstating a dissolved entity costs more than filing on time and may be impossible after extended periods.

Managing multi-state filings

Businesses registered in multiple states have filing obligations in each. Due dates vary: some states use anniversary dates, others use calendar year ends. Track all deadlines and filing requirements. Consider using a registered agent service that provides compliance reminders. Missing a filing in one state while keeping others current still creates problems.