03/30/2026
Reminder to Business Owners - To file your your ANNUAL REPORT by April 15th. Even if a company is not making money, it must still file reports to avoid these penalties unless it has officially filed for dissolution.
Each state is different for filing reports, so be sure to check with your Department of Revenue.
Not filing will result in:
-Late Fees and Penalties: States often charge fines, which can increase over time, for missing deadlines.
-Loss of Good Standing: The company cannot get a Certificate of Good Standing, preventing it from expanding into other states or proving its legitimacy.
-Administrative Dissolution/Revocation: The state can shut down your LLC or Corporation, removing it from the active registry.
-Loss of Limited Liability: If dissolved, owners may lose their protection against personal liability for business debts.
How to Fix It:
-File Promptly: You must file the delinquent reports and pay all outstanding penalties.
-Reinstatement: If dissolved, you will need to file a reinstatement form and pay a fee to regain active status.
