LLC Annual Report Fees by State: What You Need to Pay

LLC Annual Report Fees by State: What You Need to Pay

Understanding LLC Annual Report Fees

Forming an LLC is just the first step — every year (or every other year, depending on your state), you’ll need to file an annual report and pay the associated fee to keep your LLC in good standing. These fees vary dramatically by state, from $0 in a handful of states to several hundred dollars in others. Missing your annual report deadline can result in late fees, penalties, and even dissolution of your LLC. Here’s a comprehensive breakdown of what you can expect to pay in every state.

What Is an LLC Annual Report?

An LLC annual report (also called a Statement of Information, Annual Statement, or Periodic Report depending on the state) is a routine filing that updates your state’s records with current information about your LLC, including your registered agent’s address, principal business address, and in some states, the names of your members or managers. It’s not a financial document — it’s purely an administrative filing to confirm your LLC is still active and your contact information is current.

States With No Annual Report Requirement

A few states stand out for having no annual report requirement, making them very cost-effective for long-term LLC maintenance:

• New Mexico: No annual report required, no annual fee — one of the lowest-cost states for ongoing LLC maintenance
• Ohio: No annual report fee for LLCs (though a biennial report applies to corporations)
• Arizona: No annual report required after the initial publication requirement

Low-Cost Annual Report States

Many states charge modest annual report fees that represent minimal ongoing cost for your LLC:

• Wyoming: $60 minimum annual report fee (or two-thirds of one mill on dollar value of assets in Wyoming, whichever is greater)
• Colorado: $10 periodic report fee — one of the lowest in the nation
• Kentucky: $15 annual report fee
• Arkansas: $150 annual franchise tax report
• Missouri: No annual report fee (registration required but no fee)
• Montana: $20 annual report fee
• New Hampshire: $100 annual report fee
• Oklahoma: $25 annual certificate fee

Mid-Range Annual Report States

These states charge moderate fees that are manageable for most small businesses:

• Texas: No traditional annual report, but an annual franchise tax filing is required; most small LLCs qualify for the No Tax Due threshold and pay $0
• Florida: $138.75 annual report fee (late fee of $400 applies after May 1)
• Georgia: $50 annual registration fee
• North Carolina: $200 annual report fee
• Virginia: $50 annual registration fee
• Indiana: $32 biennial report fee (filed every two years)
• Michigan: $25 annual statement fee
• Minnesota: $0 for LLCs (annual renewal required but no fee)
• Oregon: $100 annual report fee
• Utah: $18 annual renewal fee

Higher-Cost Annual Report States

Some states have significantly higher annual maintenance costs that factor heavily into the total LLC cost over time:

• California: $20 biennial Statement of Information fee — but the real cost is the mandatory $800 annual franchise tax (minimum) that all California LLCs must pay regardless of income, plus additional income-based fees
• Massachusetts: $500 annual report fee — one of the highest in the country
• New York: $9 biennial filing fee — very low on paper, but New York LLCs must also meet a costly publication requirement at formation ($500-$2,000) and pay New York state taxes
• Nevada: $350 annual list fee plus a $200 state business license fee = $550 per year in mandatory fees
• Delaware: $300 franchise tax for Delaware-formed LLCs (note: technically an annual tax, not an annual report fee)
• Illinois: $75 annual report fee for domestic LLCs; $175 for foreign LLCs
• Washington: $60 annual report fee (plus B&O tax on gross receipts, which varies)
• Pennsylvania: $7 decennial filing (only every 10 years) — effectively $0 per year on average

Late Fees and Penalties

Missing your annual report deadline can be costly. Common consequences include:

• Florida: $400 late fee if filed after May 1 (on top of the regular $138.75 fee)
• Most states: $25-$100 late filing penalty
• All states: Failure to file can eventually result in administrative dissolution, requiring a reinstatement filing (often $100-$300+) to restore your LLC to good standing

How to Stay on Top of Annual Report Deadlines

The easiest way to ensure you never miss a deadline is to use a professional registered agent service, which will send you compliance reminders well in advance. You can also set calendar reminders based on your state’s due date. Annual reports are typically due on one of these schedules:

• Anniversary month of formation (e.g., if you formed in March, your annual report is due every March)
• Fixed calendar date (e.g., Florida is always due by May 1; Wyoming is due by the first day of the anniversary month)
• Fiscal year-end basis

Use our free LLC cost calculator to estimate your total formation costs by state.

Why Your State’s Annual Report Fee Matters to Your Bottom Line

Many LLC owners are shocked to discover that annual report fees vary dramatically by stateu2014and that filing late can cost you far more than the fee itself. Massachusetts LLCs, for example, pay a specific annual report fee that’s just the beginning of potential costs. Miss the deadline, and you’re facing penalties that quickly compound. This section breaks down exactly what you’ll owe and when you need to pay it, so you can avoid costly surprises.

Quick State Fee Reference: What You Need to Know

Rather than guessing or scrambling at the last minute, knowing your state’s exact annual report requirements upfront is essential for cash flow planning. Here’s why this matters:

• Massachusetts LLCs have specific filing deadlines tied to their formation month, with fees that differ from other statesu2014and late fees that stack up quickly
• Fee amounts range significantly across all 50 states, from no annual report requirement in some states to several hundred dollars in others
• Missing your deadline can result in administrative dissolution, making your LLC legally invalid for business purposes
• Reinstatement costs are typically higher than the original annual report fee, plus back fees and penalties

The key insight: a $50 or $100 annual report fee today prevents a $500+ reinstatement and penalty situation tomorrow. Yet most LLC owners don’t track these deadlinesu2014they discover them too late.

Don’t Guess on Your State’s Requirements

Your state’s specific fee, deadline, and filing process depend on where you formed your LLC. Using a state-by-state breakdown ensures you never overpay or miss a deadline. Scroll down to find your exact state and the exact amount dueu2014then set a calendar reminder for 30 days before your deadline.

Frequently Asked Questions