Skip to content

Start a Close Corporation for Shareholder Advantages

Start a Close Corporation for Shareholder Advantages published on

start-close-corporation

Close Corporations

A Close Corporation (also known as a Closely Held Corporation) is a business structure available in over a dozen states with a host of unique strong points in flexibility, simplicity, and control. The Close Corporation may also inherit benefits from an S or C corporation, like their respective taxations and limited liability protection. With fewer corporate formalities and shareholders, fewer reporting and legal requirements, offering great privacy and command over your business—a Close Corporation is a valuable option. Well-known companies such as IKEA, SC Johnson, Publix, and ALDI all use a statutory close corporation as their business structure. Let’s go over the specific details below.

Benefits and Advantages of a Close Corporation

A Close Corporation has many advantages and benefits, including:

  • Relaxed corporate regulations and compliance requirements. No need for a board of directors or annual meetings.
  • More shareholder control due to fewer shareholders and the inability to sell shares to non-shareholders.
  • Can elect pass-through taxation like an S Corporation or be taxed as a C Corporation. This flexibility makes it easier to meet your tax goals.
  • Offers limited liability for all shareholders to protect their personal assets from creditors and claims against the corporation.
  • Fewer administrative and legal costs.
SUBMIT DETAILS AND GET OUR ATTORNEYS TO CALL YOU
Full Name:

Phone:

Email:

* Please give our attorneys up to 4 business hours to call your phone. Thank you.

Close Corporation Details to Keep in Mind

The close corporation structure differs from standard corporations in certain aspects, such as:

  • Interests of a Close Corporation cannot get traded publicly.
  • Closed Corporations must be owned and operated by people and not other legal entities.
  • Majority shareholders have the most decision-making power and control; minority shareholders may need approval before transferring or selling shares to others.

Why a Close Corporation Needs a Shareholder Agreement

The importance of a shareholder agreement parallels that of an operating agreement in other entities. We’re not just trying to sell a service—we recommend this as an essential accessory for your incorporation to:

  • Detail critical aspects of its management and financial structure.
  • State how the shares get distributed when a shareholder leaves or dies.
  • Outline shareholder rights and obligations.
  • Handle disputes and resolve conflicts.
  • Establish a non-compete clause.
  • Describe shareholder profit distribution.

Starting a Close Corporation

To start a Close Corporation, or if you have any questions, you may call our office directly during regular business hours at (800) 603-3900 and promptly speak to an attorney, or you can click here to get the process started online. If you’d like someone to contact you instead, please fill out our Immediate Assistance Form on this page.

corporate-kit-only-29.95

Free Corporate Kit Included With Your Close Corporation or $29.95 Separately

  • Completed Corporate Records Book and Seal
  • Slip Case Cover
  • Corporate Organizational Minutes
  • Corporate Resolutions
  • Corporate By Laws
  • Corporate Ownership Register
  • Banking Resolution
  • Stock Certificate
Share

Annual Report Filing Due Dates by State and Entity Type | 2022

Annual Report Filing Due Dates by State and Entity Type | 2022 published on

Annual Report Filing for Corporations, LLCs, and Partnerships – 2022

Scroll down for a full list of Annual Report Filing Deadlines by State and Type of Business Entity or click here to file your annual report now.

annual-report-filing

What is an Annual Report Filing?

An annual report filing is a process of updating your company records with state authorities on a yearly or biennial basis. Business entities such as corporations, LLCs, and partnerships must submit an annual report in every state that they are registered to do business. Failing to file annual reports with the secretary of state’s business division may lead to late fees and penalties, the loss of ‘good standing’ and active status, and consequent administrative dissolution of your entity and business name. Depending on the type of entity and state of formation, incorporation, or qualification—you may have to pay an annual report filing fee with different deadlines to submit your paperwork, online or by mail. An annual report filing, like incorporation, is a legal procedure done best with the help of business formation attorneys. Let the professionals at Spiegel & Utrera, P.A. perform your annual report filings in every state required accurately and on time.

Annual Report Filing Requirements

Requirements for business annual report filings vary per state and entity but may include:

  • Filing in every state that you formed, incorporated or qualified your business entity.
  • Updating basic business information such as the name, principal office address, registered agent info, and details regarding all directors, officers, managers, or members.
  • Providing financial information.
  • Restatement of the company’s mission, values, or objectives.
  • Annual report filing fee.
  • State-specific filing requirements and deadlines.
FILE YOUR ANNUAL REPORT TODAY! SUBMIT YOUR DETAILS BELOW
Full Name:

Phone:

Email:

* Please give our attorneys up to 4 business hours to call your phone. Thank you.

Importance of Annual Reports

Annual report filings are necessary to maintain good standing with the state and prevent corporate dissolution but may also be essential in several business matters:

  • Clients seeking a stable supplier may look into your company’s annual reports to verify good standing and active status.
  • Investors may read through your annual report filings to determine whether or not to invest in your business.
  • Employees may look into your annual reports to forecast the security of employment by your business.

What does an annual report filing include?

The contents within an annual report filing vary per state and type of business entity but commonly include the following pieces of information:

  • Entity Name
  • Type of Entity
  • State of Formation or Incorporation
  • Year of Formation or Incorporation
  • Federal Employer Identification Number
  • Principal Place of Business Address
  • Mailing Address
  • E-Mail Address
  • Registered Agent Information
  • Officers and Directors or Members and Managers

Annual Report Due Dates by State

Annual report filing due dates for each state and type of business entity are outlined below. If you can’t find the information you were looking for or if you have any questions, please feel free to call our office during regular business hours at (800) 603-3900 or submit your details on the Immediate Assistance Form.

California Annual Report Filings

CORPORATION
Filing: Deadline:
Corporation Franchise Tax Due the 15th day of the 3rd month for the previous year’s tax year, or March 15th for calendar year filing.
Initial Statement of Information Within 90 days after filing the Articles of Incorporation.
Annual Statement of Information Annually by the last day of the anniversary month of the initial formation date.
LLC
Filing: Deadline:
LLC Franchise Tax Return First annual tax payment is due on the 15th day of the 4th month after the filing date. Each year’s subsequent filing is due on the 15th day of the 4th month of the end of the tax year, or April 15th for calendar year filing.
Initial Statement of Information Within 90 days after filing the Articles of Organization.
LLC Biennial Report Due every other year by the last day of the anniversary month of the initial formation date.
Partnership
Filing: Deadline:
Annual Report Not required.

[Back to top ⤴]

Delaware Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Reports/Franchise Tax For profit Corporate Franchise Taxes and Annual Reports are due no later than March 1st of each year. Non-profit Corporations must file annual reports by March 1. Foreign Corporations are required to file an Annual Report on or before June 30th.
Corporation Tax Return Must be filed by April 1st for fiscal year filings, or before the first day of the fourth month following the close of the taxable year.
LLC
Filing: Deadline:
Annual Reports/Franchise Tax Delaware LLC’s must file an annual report by June 1st each year. Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware do not file an Annual Report but they are required to pay an annual tax. Taxes are due on or before June 1st of each year.
LLC (single-member) Tax Returns Delaware treats a single-member LLC as a “disregarded entity” for tax purposes. This means that the single member LLC does not have to file a return with the State of Delaware. As the sole member of your LLC, you must report all profits (or losses) of the LLC on Schedule C IRS Form 1040 and submit it with your Delaware personal income tax return.
Partnership
Filing: Deadline:
Annual Report Annually by June 1. The first report is due in the calendar year following initial registration.

[Back to top ⤴]

Florida Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report All businesses are required to file a Uniform Business Report. Annual Reports are due January 1st and become delinquent if not filed by May 1st.
LLC
Filing: Deadline:
Annual Report All businesses are required to file a Uniform Business Report. Annual Reports are due January 1st and become delinquent if not filed by May 1st.
Partnership
Filing: Deadline:
Annual Report Annually by May 1.

[Back to top ⤴]

Illinois Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Reports An annual report form must be filed each year by the first day of the anniversary month of incorporating.
LLC
Filing: Deadline:
Annual Reports An annual report form must be filed each year by the first day of the anniversary month of incorporating.
Partnership
Filing: Deadline:
Annual Reports Annually by the end of the month prior to the registration anniversary month. So if you formed or foreign-qualified on February 14th, then your annual report is due January 31.

[Back to top ⤴]

New Jersey Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Every corporation must file an annual report by the anniversary date of formation every year.
LLC
Filing: Deadline:
Annual Report Every LLC must file an annual report by the anniversary date of formation every year.
Partnership
Filing: Deadline:
Annual Report Annually by the end of the month prior to the registration anniversary month. If you incorporated or foreign-qualified on April 15, then your annual report is due every year by March 31.

[Back to top ⤴]

New York Annual Report Filings

CORPORATION
Filing: Deadline:
Biennial Statements Biennial Statements are forwarded to the corporations registered agent every two years one month prior to its due date; which depends on the entities initial formation date.
LLC
Filing: Deadline:
Biennial Statements Biennial Statements are forwarded to the LLC’s registered agent every two years one month prior to its due date; which depends on the entities initial formation date.
Partnership
Filing: Deadline:
Annual Report Every 5 years by the anniversary of initial registration.

[Back to top ⤴]

Nevada Annual Report Filings

CORPORATION
Filing: Deadline:
Initial List Of Officers &
Business License
The Initial List of Officers must be in possession of the Secretary of State on or before the last day of the first month following the initial business registration date. Example: If the business was registered January 1, then the initial list is due by the last day of February. The initial list must be submitted within the time required or the corporation will be delinquent and ultimately revoked. The State Business License must be renewed annually unless the corporation is exempt.
LLC
Filing: Deadline:
Initial List of Members & Managers &
Business License
The Initial List of Members and Managers must be in possession of the Secretary of State on or before the last day of the first month following the initial business registration date. Example: If the business was registered January 1, then the initial list is due by the last day of February. The initial list must be submitted within the time required or the LLC will be delinquent and ultimately revoked. The State Business License must be renewed annually unless the LLC is exempt.
Partnership
Filing: Deadline:
Annual Report File an annual report by the end of your registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 31.

[Back to top ⤴]

Georgia Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by April 1. Can be filed as early as January 1.
LLC
Filing: Deadline:
Annual Report Annually by April 1. Can be filed as early as January 1.
Partnership
Filing: Deadline:
Annual Report Annually by April 1. Can be filed as early as January 1.

[Back to top ⤴]

Arizona Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by anniversary of formation or registration. You can start filing 3 months prior.
LLC
Filing: Deadline:
Annual Report Not required.
Partnership
Filing: Deadline:
Annual Report Not required.

[Back to top ⤴]

Alabama Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Not required.
LLC
Filing: Deadline:
Annual Report Not required.
Partnership
Filing: Deadline:
Annual Report Annually by March 15.

[Back to top ⤴]

Alaska Annual Report Filings

CORPORATION
Filing: Deadline:
Biennial Report January 2nd. If you initially filed/registered in an even numbered year the Biennial Report will be due in January of every even numbered year. If you initially filed in an odd numbered year the Biennial Report will be due in January of every odd numbered year. You can start filing 3 months prior.
LLC
Filing: Deadline:
Biennial Report January 2nd. If you initially filed/registered in an even numbered year the Biennial Report will be due in January of every even numbered year. If you initially filed in an odd numbered year the Biennial Report will be due in January of every odd numbered year. You can start filing 3 months prior.
Partnership
Filing: Deadline:
Biennial Report January 2nd. If you initially filed/registered in an even numbered year the Biennial Report will be due in January of every even numbered year. If you initially filed in an odd numbered year the Biennial Report will be due in January of every odd numbered year. You can start filing 3 months prior.

[Back to top ⤴]

Arkansas Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by May 1.
LLC
Filing: Deadline:
Annual Report Annually by May 1.
Partnership
Filing: Deadline:
Annual Report Annually by May 1. May be filed as early as January 1.

[Back to top ⤴]

Colorado Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by the end of the month of initial registration.
LLC
Filing: Deadline:
Annual Report Annually by the end of the month of initial registration.
Partnership
Filing: Deadline:
Annual Report Annually by the end of the month of initial registration.

[Back to top ⤴]

Connecticut Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by the registration anniversary date.
LLC
Filing: Deadline:
Annual Report Annually by March 31.
Partnership
Filing: Deadline:
Annual Report Annually by the registration anniversary date.

[Back to top ⤴]

Hawaii Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annual reports must be filed during the quarter that contains the registration anniversary date. For example, if you registered on February 14th, then you must file your annual report between January 1 and March 31. The due dates are March 31, June 30, September 30, and December 31.
LLC
Filing: Deadline:
Annual Report Annual reports must be filed during the quarter that contains the registration anniversary date. For example, if you registered on February 14th, then you must file your annual report between January 1 and March 31. The due dates are March 31, June 30, September 30, and December 31.
Partnership
Filing: Deadline:
Annual Report Annual reports must be filed during the quarter that contains the registration anniversary date. For example, if you registered on February 14th, then you must file your annual report between January 1 and March 31. The due dates are March 31, June 30, September 30, and December 31.

[Back to top ⤴]

Idaho Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by the last day of registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due by March 31.
LLC
Filing: Deadline:
Annual Report Annually by the last day of registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due by March 31.
Partnership
Filing: Deadline:
Annual Report Annually by the last day of registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due by March 31.

[Back to top ⤴]

Indiana Annual Report Filings

CORPORATION
Filing: Deadline:
Biennial Report Biennially by the end of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every two years by March 31.
LLC
Filing: Deadline:
Biennial Report Biennially by the end of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every two years by March 31.
Partnership
Filing: Deadline:
Biennial Report Biennially by the end of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every two years by March 31.

[Back to top ⤴]

Iowa Annual Report Filings

CORPORATION
Filing: Deadline:
Biennial Report By April 1 of even-numbered years.
LLC
Filing: Deadline:
Biennial Report By April 1 of odd-numbered years.
Partnership
Filing: Deadline:
Biennial Report By April 1 of odd-numbered years.

[Back to top ⤴]

Kansas Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by the 15th day of the 4th month after the close of your fiscal year, usually April 15th. May be filed as early as January 1. The first annual report is not due until the calendar year following the year of initial registration.
LLC
Filing: Deadline:
Annual Report Annually by the 15th day of the 4th month after the close of your fiscal year, usually April 15th. May be filed as early as January 1. The first annual report is not due until the calendar year following the year of initial registration.
Partnership
Filing: Deadline:
Annual Report Annually by the 15th day of the 4th month after the close of your fiscal year, usually April 15th. May be filed as early as January 1. The first annual report is not due until the calendar year following the year of initial registration.

[Back to top ⤴]

Kentucky Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by June 30.
LLC
Filing: Deadline:
Annual Report Annually by June 30.
Partnership
Filing: Deadline:
Annual Report Annually by June 30.

[Back to top ⤴]

Louisiana Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report File an annual report every year by your registration anniversary. So if you incorporated on February 14th, then your annual report is due by February 14th.
LLC
Filing: Deadline:
Annual Report File an annual report every year by your registration anniversary. So if you incorporated on February 14th, then your annual report is due by February 14th.
Partnership
Filing: Deadline:
Annual Report Annually by the registration anniversary date.

[Back to top ⤴]

Maine Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by June 1.
LLC
Filing: Deadline:
Annual Report Annually by June 1.
Partnership
Filing: Deadline:
Annual Report Annually by June 1.

[Back to top ⤴]

Maryland Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by April 15.
LLC
Filing: Deadline:
Annual Report Annually by April 15.
Partnership
Filing: Deadline:
Annual Report Annually by April 15.

[Back to top ⤴]

Massachusetts Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually within 2.5 months after the close of the organization’s fiscal year.
LLC
Filing: Deadline:
Annual Report The annual report is due by your formation or foreign qualification anniversary date. So if you formed on February 14th, then your annual report is due by February 14th.
Partnership
Filing: Deadline:
Annual Report The annual report is due by your formation or foreign qualification anniversary date. So if you formed on February 14th, then your annual report is due by February 14th.

[Back to top ⤴]

Michigan Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by May 15.
LLC
Filing: Deadline:
Annual Report Annually by February 15. If you registered after September 30, then you may skip the first year.
Partnership
Filing: Deadline:
Annual Report Annually by the date of registration.

[Back to top ⤴]

Minnesota Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by December 31.
LLC
Filing: Deadline:
Annual Report Annually by December 31.
Partnership
Filing: Deadline:
Annual Report Annually by December 31.

[Back to top ⤴]

Mississippi Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by April 15.
LLC
Filing: Deadline:
Annual Report Annually by April 15.
Partnership
Filing: Deadline:
Annual Report Not required.

[Back to top ⤴]

Missouri Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by the end of the 3rd month following the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due by June 30. Corporations that registered prior to July 1, 2003 instead file annually at the end of the month indicated on their last annual report.
LLC
Filing: Deadline:
Annual Report Not required.
Partnership
Filing: Deadline:
Annual Report Not required.

[Back to top ⤴]

Montana Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by April 15.
LLC
Filing: Deadline:
Annual Report Annually by April 15.
Partnership
Filing: Deadline:
Annual Report Not required.

[Back to top ⤴]

Nebraska Annual Report Filings

CORPORATION
Filing: Deadline:
Biennial Report By March 1 of even-numbered years.
LLC
Filing: Deadline:
Biennial Report By April 1 of odd-numbered years.
Partnership
Filing: Deadline:
Annual Report Annually by April 1.

[Back to top ⤴]

New Hampshire Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by April 1.
LLC
Filing: Deadline:
Annual Report Annually by April 1.
Partnership
Filing: Deadline:
Annual Report Annually by April 1.

[Back to top ⤴]

New Mexico Annual Report Filings

CORPORATION
Filing: Deadline:
Biennial Report Biennially by the 15th day of the fourth month following the close of your fiscal year.
LLC
Filing: Deadline:
Annual Report Not required.
Partnership
Filing: Deadline:
Annual Report Not required.

[Back to top ⤴]

North Carolina Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annuallly by the 15th day of the 4th month following the fiscal year end. The first report is due in the calendar year following initial registration.
LLC
Filing: Deadline:
Annual Report Annually by April 15. The first report is due in the calendar year following initial registration.
Partnership
Filing: Deadline:
Annual Report Not required.

[Back to top ⤴]

North Dakota Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by August 1.
LLC
Filing: Deadline:
Annual Report Annually by November 15.
Partnership
Filing: Deadline:
Annual Report Not required.

[Back to top ⤴]

Ohio Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Not required.
LLC
Filing: Deadline:
Annual Report Not required.
Partnership
Filing: Deadline:
Annual Report By July 1 of odd-numbered years.

[Back to top ⤴]

Oklahoma Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Not required.
LLC
Filing: Deadline:
Annual Report Annually by the anniversary of the registration date.
Partnership
Filing: Deadline:
Annual Report Annually by the anniversary of the registration date.

[Back to top ⤴]

Oregon Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by your registration anniversary day. So if you incorporated on March 15th, then your annual report is due every year by March 15th. You may start filing 45 days prior.
LLC
Filing: Deadline:
Annual Report Annually by your registration anniversary day. So if you registered on March 15th, then your annual report is due every year by March 15th. You may start filing 45 days prior.
Partnership
Filing: Deadline:
Annual Report Annually by your registration anniversary day. So if you registered on March 15th, then your annual report is due every year by March 15th. You may start filing 45 days prior.

[Back to top ⤴]

Pennsylvania Annual Report Filings

CORPORATION
Filing: Deadline:
Decennial Report Decennial reports are due every ten years during years ending with the numeral “1” (2021, 2031, etc.). Reports must be filed by December 31 of decennial report years.
LLC
Filing: Deadline:
Decennial Report Decennial reports are due every ten years during years ending with the numeral “1” (2021, 2031, etc.). Reports must be filed by December 31 of decennial report years.
Partnership
Filing: Deadline:
Decennial Report Decennial reports are due every ten years during years ending with the numeral “1” (2021, 2031, etc.). Reports must be filed by December 31 of decennial report years.

[Back to top ⤴]

Rhode Island Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by May 1. You can start filing on February 1.
LLC
Filing: Deadline:
Annual Report Annually by May 1. You can start filing on February 1.
Partnership
Filing: Deadline:
Annual Report Annually by the registration anniversary date.

[Back to top ⤴]

South Carolina Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Not required.
LLC
Filing: Deadline:
Annual Report Not required.
Partnership
Filing: Deadline:
Annual Report By the anniversary of registration for the first renewal and by the previous year’s renewal date for each additional year.

[Back to top ⤴]

South Dakota Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report By the first day of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 1.
LLC
Filing: Deadline:
Annual Report By the first day of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 1.
Partnership
Filing: Deadline:
Annual Report Not required.

[Back to top ⤴]

Tennessee Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report By the 1st day of the 4th month after the close of your fiscal year. Usually your fiscal year ends on December 31 and so your annual report is due April 1.
LLC
Filing: Deadline:
Annual Report By the 1st day of the 4th month after the close of your fiscal year. Usually your fiscal year ends on December 31 and so your annual report is due April 1.
Partnership
Filing: Deadline:
Annual Report By the 1st day of the 4th month after the close of your fiscal year. Usually your fiscal year ends on December 31 and so your annual report is due April 1.

[Back to top ⤴]

Texas Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by May 15 in the year following your first filing in Texas. For example, if your organization was incorporated in April of 2016, then your report would be due May 15, 2017.
LLC
Filing: Deadline:
Annual Report Annually by May 15 in the year following your first filing in Texas. For example, if your organization was incorporated in April of 2016, then your report would be due May 15, 2017.
Partnership
Filing: Deadline:
Annual Report Annually by May 15 in the year following your first filing in Texas. For example, if your organization was incorporated in April of 2016, then your report would be due May 15, 2017.

[Back to top ⤴]

Utah Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by the end of the month of initial registration. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 31. You can start filing 60 days prior.
LLC
Filing: Deadline:
Annual Report Annually by the end of the month of initial registration. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 31. You can start filing 60 days prior.
Partnership
Filing: Deadline:
Annual Report Annually by the end of the month of initial registration. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 31. You can start filing 60 days prior.

[Back to top ⤴]

Vermont Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually within two and a half months after the end of your fiscal year. The typical due date is March 15th.
LLC
Filing: Deadline:
Annual Report Annually within three months after the end of your fiscal year. The typical due date is March 31.
Partnership
Filing: Deadline:
Annual Report Annually by April 1. The first report is due in the calendar year following registration.

[Back to top ⤴]

Virginia Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report By the end of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 31.
LLC
Filing: Deadline:
Annual Report By the end of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 31.
Partnership
Filing: Deadline:
Annual Report Annually by September 30.

[Back to top ⤴]

Washington Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report By the end of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 31. You may start filing 45 days prior.
LLC
Filing: Deadline:
Annual Report By the end of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 31. You may start filing 45 days prior.
Partnership
Filing: Deadline:
Annual Report By the end of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 31. You may start filing 45 days prior.

[Back to top ⤴]

Washington DC Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Your first report is due April 1 in the calendar year after registration. After the first filing, reports are due biennially by April 1.
LLC
Filing: Deadline:
Annual Report Your first report is due April 1 in the calendar year after registration. After the first filing, reports are due biennially by April 1.
Partnership
Filing: Deadline:
Annual Report Your first report is due April 1 in the calendar year after registration. After the first filing, reports are due biennially by April 1.

[Back to top ⤴]

West Virginia Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by July 1.
LLC
Filing: Deadline:
Annual Report Annually by July 1.
Partnership
Filing: Deadline:
Annual Report Annually by July 1.

[Back to top ⤴]

Wisconsin Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by the end of the registration anniversary quarter. So if you incorporated or foreign-qualified on February 15, then your annual report is due every year by the end of the first quarter on March 31. The due dates are March 31, June 30, September 30, and December 31.
LLC
Filing: Deadline:
Annual Report Annually by the end of the registration anniversary quarter. So if you incorporated or foreign-qualified on February 15, then your annual report is due every year by the end of the first quarter on March 31. The due dates are March 31, June 30, September 30, and December 31.
Partnership
Filing: Deadline:
Annual Report Not required.

[Back to top ⤴]

Wyoming Annual Report Filings

CORPORATION
Filing: Deadline:
Annual Report Annually by the first day of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 1.
LLC
Filing: Deadline:
Annual Report Annually by the first day of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 1.
Partnership
Filing: Deadline:
Annual Report Annually by the first day of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every year by March 1.

[Back to top ⤴]

Share

LLC Membership Changes: Add, Remove, or Transfer Members

LLC Membership Changes: Add, Remove, or Transfer Members published on

LLC MEMBERSHIP CHANGES: Adding, Removing, and Transferring Members

Adding a member to an LLC

The process of adding a member to an LLC may involve amending the company’s articles of organization to include the new member. Depending on the terms in the agreement, current LLC members may need to vote on it for the amendment to pass. If you are a single-member LLC and add a new member, it will become a multi-member LLC, changing its tax status from pass-through to taxed as a corporation or partnership. You may also run multiple businesses under one LLC by registering DBAs (“doing business as”) or operating under one LLC name. One LLC could be a member of another LLC and be the owner of a single-member LLC. An LLC can have as many members as it needs to.

Transferring Ownership in an LLC

The rules for transferring LLC ownership get outlined in the company’s operating agreement at the time of formation; company ownership transfer can be either a sale of the business or a change in owner or ownership percentages. When the ownership transfer is a sale of the LLC, a buy-sell agreement may be necessary. An operating agreement should specify the process for ownership transfer, but if it doesn’t, you must follow state guidelines. Under some circumstances, the state may require you to form a new LLC.

Removing a member from an LLC

LLC ownership is personal property to its members. Therefore the operating agreement and state laws declare the necessary steps of membership removal. To remove a member from your LLC, a withdrawal notice, a unanimous vote, or a procedure depicted in the articles of organization may entail. The member in question of removal may need to get compensated for his share of membership interests. If a member is unwilling to leave the LLC or accept a buyout offer, you may have to take it to court.

SUBMIT DETAILS AND GET OUR ATTORNEYS TO CALL YOU
Full Name:

Phone:

Email:

* Please give our attorneys up to 4 business hours to call your phone. Thank you.

How to add and remove or transfer members in an LLC

When forming an LLC, it is crucial to forecast the possibility of adding members, evolving from a single member to a multi-member LLC, and downright changing your tax structure. It’s also essential to have special provisions in place for membership transfer and removal. Forming an LLC is more than just filing the articles of organization, which is why the secretary of state recommends that you seek attorney counsel to aid in the creation of your entity—eschewing numerous legal, business, and membership hurdles. Call our headquarters at (800) 603-3900 to speak to an attorney immediately for a free consultation on the best possible legal recourse and business options available to you.

We can help with your membership concerns

At Spiegel & Utrera, P.A., our skillful attorneys have formed Limited Liability Companies successfully for decades. We craft operating agreements with the special provisions required for your LLC to operate in the way you want it to, and when and if something happens, you and yours get protected to the fullest extent of the law. An LLC is a highly adaptable and formidable entity for asset and liability protection, favorable taxes, and flexible membership options—with the correct guidance.

Share
Categories