Michael Torres
CPA, Former IRS Revenue Agent
Annual Report (State)
In This Article
Definition
Required yearly filing for LLCs and corporations updating the state on current business information, often with a fee.
Related Terms
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FAQs
Do all LLCs file annual reports?
Most states require annual or biennial reports with fees ranging from $50-500.
Similar Terms
NDA (Non-Disclosure Agreement)
Legal agreement preventing sharing of confidential information about a client's business.
Contract
Legal agreement outlining project terms, payment, deliverables, and responsibilities.
LLC (Limited Liability Company)
Business structure providing personal liability protection while maintaining tax flexibility.
Sole Proprietor
Simplest business structure where individual and business are legally the same entity.
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