The report itself is usually trivial: confirm your address, registered agent and members, pay a fee. The trap is that every state picks a different date.
Popular states at a glance
- Delaware — no annual report for LLCs, but a flat $300 franchise tax due June 1
- Wyoming — annual report due the first day of your formation anniversary month; minimum $60
- Florida — annual report due May 1; $138.75, with a steep $400 late penalty
- Texas — no annual report fee, but a franchise tax/no-tax-due filing due May 15
- California — Statement of Information every two years, plus the $800 minimum franchise tax every year
- New Mexico — famously, no annual report for LLCs at all
- New York — biennial statement in your anniversary month, plus an annual LLC filing fee based on gross income
What "losing good standing" actually breaks
Banks freeze onboarding, lenders decline, marketplaces can suspend payouts, and closings stall — because everyone checks the state database. Reinstatement costs fees, penalties and weeks you don't have mid-deal.
Build the calendar once
List every state you're registered in, note each due date and fee, set reminders 30 days ahead, and file early — most states open filing windows months in advance. Or have your accounting firm own the calendar entirely.
The bottom line
Annual reports are cheap; missing them isn't. MOREOFTAX tracks and files state reports and franchise taxes for clients across all 50 states as part of ongoing compliance.
Put your compliance on autopilot
We track every state deadline your company has and file on time — one flat plan, zero lapses.
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