LLC Annual Reports and Filings: State-by-State Compliance Guide

By Sarah Chen, JD · December 10, 2025 · 9 min read

What Is an Annual Report for an LLC?

An LLC annual report (also called a Statement of Information, Biennial Statement, or Annual Registration depending on the state) is a filing required by most states to update the public record of your LLC's basic information. Despite the name, it is not a financial report—it does not require disclosure of revenue, profits, or detailed financials.

Typical information required in an annual report includes the LLC's current principal business address, names and addresses of members or managers, name and address of the registered agent, and confirmation that the business is still active.

Why Annual Reports Are Mandatory

States require annual reports to maintain accurate business registries and ensure LLCs remain accountable to their public registration. More practically, annual reports generate significant fee revenue for state governments. From your perspective as an LLC owner, timely filing is not optional—it is a compliance requirement with serious consequences for non-compliance.

Consequences of Missing Your Annual Report Deadline

• Late fees: Most states charge late filing penalties ranging from $25 to $500+ on top of the regular filing fee
• Administrative dissolution: After a grace period (typically 60–180 days depending on the state), your LLC will be administratively dissolved by the state
• Loss of good standing: You lose the ability to sign contracts, open bank accounts, or conduct business in your LLC's name
• Loss of liability protection: An administratively dissolved LLC may lose its liability shield, potentially exposing you to personal liability
• Reinstatement fees: Reinstating a dissolved LLC typically costs significantly more than the original filing fee, and may require back payment of all missed annual report fees

Annual Report Requirements by State (Selected)

California

Filing: Statement of Information | Due: Within 90 days of formation, then every 2 years by the last day of the anniversary month | Fee: $20

Delaware

Filing: Annual Report | Due: June 1 each year | Fee: $300 minimum franchise tax

Florida

Filing: Annual Report | Due: May 1 each year (late fee kicks in after May 1) | Fee: $138.75

New York

Filing: Biennial Statement | Due: Every 2 years, by the end of the anniversary month | Fee: $9

Texas

Filing: No traditional annual report required | Note: May be subject to Texas Franchise Tax Report if revenues exceed threshold

Wyoming

Filing: Annual Report | Due: By the first day of the anniversary month | Fee: $60 minimum (based on assets in Wyoming)

Nevada

Filing: Annual List of Members/Managers | Due: Last day of anniversary month | Fee: $350 (includes state business license)

Best Practices for Annual Report Compliance

• Calendar all deadlines immediately: Note your filing deadline in a recurring calendar event the day you form your LLC
• Use your registered agent's reminder service: Professional registered agents typically provide annual report reminder services as part of their fee
• Keep your registered agent information current: If your registered agent changes, update your annual report immediately—not on the next filing cycle
• File early, not at the deadline: State filing systems experience high traffic around deadlines and may experience technical issues
• Retain copies of all filed reports: Keep copies of submitted annual reports and state confirmations in your permanent business records