Hi, I’m John Beck, with Harbor Compliance, and today I’m talking about annual reports. Annual reports are
required filings to maintain a business entity's good standing with the secretary of state.
With a few exceptions, annual reports are not complex. They generally contain basic information about a
company such as its principal address, registered agent, and officers and directors. Some states have more
complex filings though. When annual reports are paired with another filing, such as a business license in
Nevada, or a tax return in Maryland or Texas it becomes more complex.
The real challenge with annual reports lies in determining the due dates and remembering to file each year.
Sounds simple enough, but since every state has different requirements and filing deadlines, organizations
that have multiple entities registered in various states all too commonly miss a filing and subsequently
lose good standing.
While some states send a postcard by mail as a reminder, solely relying on these reminders is not advised.
Keeping track of due dates that are staggered throughout the year increases the chances of a missed filing,
and subsequent loss of good standing.
And if you are looking to take all of the tracking and filing off your plate, and get peace of mind that you
never miss a filing, look no further than our Managed Annual Report Service. Our advanced software determines
your due dates and our experts complete your filings each year to keep your business compliant. Click the
download link for a copy of our guide, or click the service link to speak to someone.
As always, feel free to reach out anytime should we be of help. Thanks for watching.
Initial reports are information updates due to the secretary of state after you form or
register a business entity, such as an LLC, corporation, or nonprofit. Due dates vary by state, but
often fall within 90 days of registration.
Currently, only a handful of states have initial report requirements, which makes them easy to
overlook. Filing your initial report on time helps you protect the good standing of your newly
registered entity.
In addition to initial reports, almost all states require entities to submit
annual reports to maintain good standing in
perpetuity.
You can quickly navigate to the specific initial report requirements for your corporation, LLC, or
nonprofit on this page. Our handy reference table will provide you with the initial report due dates
and filing fees for each entity type in every state.
With little consistency across jurisdictions, tracking deadlines and filing on time presents a
challenge for organizations of all sizes. We offer
Managed Annual Report Service to offload your initial and annual reports.
We track your due dates and file on time, every time.
