Annual Report Filings Services 

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. Let LawTrades easily file on your behalf for only $375.

HOW IT WORKS

Answer a Few Questions
Complete our simple questionnaire to begin the filing process. Most people finish in as little as 3 minutes.
Compile Report & Forms
 We do all the preparation work including preparing all the forms and verifying your information with the state.
Report Filing
We submit the report with the state and notify you of the successful filing.

Overview

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. They 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 helps you file these 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.

LawTrades Makes Compliance Simple

We ensure that all your information is accurate and calculate what franchise tax is owed, which varies by state.
We file the required documents on your behalf with the respective states using a team of data-driven attorneys and legal professionals.
We make sure your business entity is in good standing by providing you with confirmation of filing and give you a peace of mind.
We’re here 24/7 to answer any questions or concerns you might have throughout this whole process.

What's Included

  • Annual Report Filings & Preparation
  • State Computer Access Fee
  • Consultation with an experience corporate compliance attorney

Average Cost

This is the typical cost for the annual report filings of a Delaware C Corp.

$375

*Franchise tax will be calculated separately.

Common 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 is 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 provides 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.  
Don't miss your deadline.
Complete in 5 minutes or less.