Vault Guardian renewal education
LLC Annual Report
Quick answer:
An LLC annual report is a state filing that confirms your business is still active and updates the state's records. Fees range from $0 (New Mexico) to $800 (California franchise tax). Missing the deadline leads to a late fee, then administrative dissolution — after which your LLC loses liability protection.
Renewal facts
| Validity period | Filed annually (or biennially in some states) |
|---|---|
| Renewal window | State-set filing window (usually 90 days) |
| Cost | $0 (NM) to $800 (CA franchise tax) |
| Processing time | Instant to 30 days depending on state |
Required documents
- Registered agent info
- Member/manager list
- Filing fee
Common mistakes
- Missing the state filing deadline (leads to administrative dissolution).
- Confusing annual report with tax return — they're separate.
- Not updating the registered agent address.