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Annual Report Filings

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LEGAL SERVICES

Assistance with reporting

Annual report filings are mandatory to keep your LLC or corporation in good standing. Failure to file within the deadline will result in a penalty that carries interest.
Ensure accuracy

Assistance from experienced attorneys
Stay in good standing

Avg price range

Costs largely depend on the complexity of the project, location, and other details. Speak with our experienced project managers to get an exact price based on your unique project requirements. 
 
*Estimates shown
  • Annual report filings

$150 - $450 avg.

LawTrades
Traditional Large Firm

Why get assistance with reporting

Just about every state requires you to file an annual report in order for them to keep track of the different business entities operating within state lines. Annual report filings represent costs that limited liability companies (LLCs), C Corporations (C corps), S Corporations (S Corps), limited liability partnerships (LLPs) and nonprofit corporations have to pay each year as long as the business is active.

While many of these state forms call for basic information, it is often time-consuming and hard to read, especially if you do business across multiple states. LawTrades annual report services help you file these annual reports on your behalf to help you avoid harsh financial penalties associated with inaccurate information and missed deadlines. Also, the formalities necessary to maintain an LLC are infrequent compared to corporations. An LLC isn’t ideal for every business though. If you plan on bringing on outside investors then an LLC is not preferred. Generally, owners of LLCs are unable to issue stock options to their employees with the same tax advantages as a corporation. It’s also impossible to “go public” as an LLC. As such, many institutional investors, like venture capitalists, have frameworks that don’t even allow them to invest in LLCs. Finally, it can be difficult and expensive to convert your business structure down the road so it’s important to make the right decision in the beginning.

The benefits

Ensure info is accurate

Our annual report services ensure that all your information is accurate and calculate what franchise tax is owed, which varies by state.

Attorneys handle your annual report filing

We provide the best financial reporting services that file the required documents on your behalf with the respective states using a team of data-driven attorneys and legal professionals. 

Stay in good standing

Our annual report services make sure your business entity is in good standing by providing you with confirmation of annual report filing and give you a peace of mind. 

How it works

Evaluate.

Our legal team evaluates your business needs and designs a custom solution for your legal strategy.

Deploy.

We deploy the right legal talent to the right projects– both aligned with your company's culture and priorities.

Integrate.

We onboard your lawyers and they start contributing, supported by our senior legal staff.

Iterate.

Expand and contract work based on the fluctuating needs of your business.

How it works

Evaluate.

Our legal team evaluates your business needs and designs a custom solution for your legal strategy.

Deploy.

We deploy the right legal talent to the right projects– both aligned with your company's culture and priorities.

Integrate.

We onboard your lawyers and they start contributing, supported by our senior legal staff.

Iterate.

Expand and contract work based on the fluctuating needs of your business.

Reviews

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What people
are saying

(100+ Positive Reviews)

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Reviews

Joel G.

⭐⭐⭐⭐⭐
Everything was very streamlined; I tried contacting a "regular" law firm before setting up a LawTrades account, and they didn't even respond to me (even months later). LawTrades was so fast that I wasn't even prepared for it. Good stuff.

Stuart G.

⭐⭐⭐⭐⭐
Excellent, straightforward service which was simple to use particularly when under a tight deadline.

Lori L.

⭐⭐⭐⭐⭐
I am so thankful to have located Law Trades. As an indie publisher, I have a tight budget and help with legal documents can "break the bank". Law Trades offered a reasonable price - suitable for a small business like mine. The service was extremely professional and I was able to receive the legal document I needed in less than 1 week.

Frequently asked
questions

When are they due?
The due dates for annual report filings vary from state to state. Many state go by your company’s anniversary date, whereas other states like Delaware make annual report and franchise taxes for corporations due March 1st and LLCs on June 1st.
What happens if I don’t file a report?
If you file late or do not file at all, you will incur fines and penalties. Your business may no longer be in good standing with that state and you be revoked the authority to do business in that state. That may make you personally liable for all business debts.
What is the purpose of annual report filings?
Annual reports are used to provide updated information on the business to the state. Your business may have moved locations or changed management or dissolved itself. These reports provide the state with a means for keeping updated on your business information.
What is a used to calculate franchise tax?
The way franchise tax is calculated various by state. Common methods include business income, assets, number of outstanding shares and their par value, and more. Speaking with a legal professional on LawTrades will help you figure it out since it will be different for each business.