What is an Annual Report and why do I need one?
Forming your business is just the first of many reporting requirements by the state. Most states will require businesses to file annual reports and/or pay taxes in order to remain compliant and in good standing.
If these compliance events are missed, the state will often impose fees or penalties and may even revoke the company’s right to conduct business within the state.
ZenBusiness will send important notifications and help with your annual filing to ensure your company remains compliant.
Types of Ongoing Annual Filing Requirements
Annual Report or Biennial Report
Most states require one of these with some variations. Some states set the due date on the anniversary of the business formation date while other states pick a specific day of the year for all businesses.
Report Filing Fees
You should expect to pay a state fee when submitting your annual report or biennial statement. These vary from state to state and range from $0-$300 or higher.