Employer & Sales Taxes — if you have employees or are collecting sales tax from the goods you retail, you’ll need to register with the state taxing authority. Learn more by viewing the state website your LLC is registered in.
7. File Annual Report
In many states, filing an Annual Report is mandatory. Failure to overseas data do this can earn you penalty fines, loss of your LLC registration and license to operate, or even dissolution of the company by the state. The main purpose of the Annual Report is to confirm or update your company’s address, registration information, and member information, as well as details of the services your business offers. Some states allow you to file it online, while others require hard copies to be mailed to the department of the Secretary of State.
Fees for annual reports vary. For example, in Kansas it costs $50 online or $55 by mail, while Florida charges $138.75 and a $400 late fee. Learn more: Does Your Company Need to File An Annual Report with Your State?
Understand Tax & Regulations
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