Connecticut LLC Annual Report – File an LLC Annual Report in Connecticut


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The objective of the annual report is three-fold. The annual report keeps the Government informed about all the updates, communicates about all the modifications or changes, & keeps the LLC members informed about the necessary taxes and costs. This article has all the information about Connecticut LLC annual report filing in Connecticut.

An annual report can be called an address book, as it features all the relevant addresses of the company & the members. This yearly report is a record of all the company’s activities in an entire year. It is also referred to as the Annual Franchise Tax Report because it helps in filing the franchise tax.

Contents of the Annual Report

Typically the annual report filed by an LLC in Connecticut (or any other business entity for that matter) will include all the information related to its business & members. The standard contents of the annual report  or the annual franchise tax report are

  • Office Address of the LLC
  • Names & Addresses of the Members & managers.
  • Identification Documents
  • Social Security numbers of the key members of LLC
  • The objective of the business of LLC
  • List of all the signatories of the LLC
  • Information of the registered agent, if any

Connecticut LLC Annual Report

Similar to many states in the US, LLCs in Connecticut have to file an Annual Report in Connecticut. The Annual Report allows the Secretary of State to track the changes in the company’s addresses or any new appointments of members. Filing the Annual Report is an essential rule for all types of business entities, including Corporations, LLCs, & Non-profit Organisations operating in Connecticut.

Does the State of Connecticut Require an Annual Report Filing?

In the State of Connecticut, it is mandatory for all Business Entities to file an Annual Report. This includes all the legal entities such as C Corporations, Limited Partnerships, Limited Liability Companies, bound to file the Annual Report.

Annual Report Deadline

As mentioned above, filing the Annual report is a mandatory requirement even for an LLC. An LLC operating in Connecticut has to file the Annual report with the Connecticut Secretary of State by March 31 every year. The annual reports are filed with the Commercial Recording Division of the Connecticut Secretary of State’s office.

Penalties for Non-filing or late filing

An Annual Report is one of the important documents filed by an LLC. Even though the Connecticut Secretary of State does not levy any fines or penalties for late or non-filing the Annual report, any late filing or non-filing of the annual report can result in an LLC getting the “not in good standing” status. If the LLC fails to file the annual report altogether, the Secretary of State has the right to dissolve the LLC.

Why Do LLCs Have to File the Annual Report?

Some of the states are not required to file this yearly report, commonly known as the Annual Report. However, there are some reasons why states should file an LLC Annual Report. Here are some reasons,

To Maintain the Accuracy of the Information

An annual report filed by the LLC has all the updated information about its official addresses & the names or addresses of all its officials. This updated information allows the State authorities to track down any LLC when communicating.

To Provide the Correct Correspondence

Many times, any creditor or other entity willing to transact with the LLC requires the correct correspondence address. If this information (which can only be modified with the help of an annual report) is not updated every year, such entities will not be able to communicate with them.

To Notify the Government About All the Significant Changes

If you have changed your main business address or had new business appointments of managers or members, the annual public information report notifies the State Government Entities about it. So, the next time someone questions a newer reform that you have introduced in your LLC, you will be saved because you had submitted the information with the Government.

To Provide an Activity Log of an LLC

The Annual report is like an activity log of the LLC. It brings on record; all the transactions, new associations, appointments, etc. & keeps those records intact for all future references.

To Help You With the One-time Filing of Taxes

The annual report is an excellent means to keep you on your toes in case of your dues payment. Every LLC must pay the taxes through the annual report filing. By filing the report on time, the LLC can manage the exemptions & can avoid penalties imposed by the Government. 

To Enable the State to Track the Payments

The government authorities use all the information filed through the annual report, for tracking the payment of State Taxes.

How to file a Connecticut LLC Annual report

The Connecticut  LLC Annual Report can be filed online only. An LLC operating in Connecticut has to file the Annual report with the Connecticut Secretary of State by March 31 every year.

Steps to File Connecticut LLC Annual Report

Time needed: 5 minutes.

Below is the procedure to file the Connecticut LLC Annual Report online.

  1. Visit Connecticut’s Official State Website

    Your first step in filing the Connecticut Annual Report is to visit Connecticut’s official State website & click on the tab titled All Business Services.Connecticut-llc-annual-report

  2. Click on “File Annual Report” in the drop-down list.

    Once you click on the All Business Services tab, you will get a drop-down menu of all the Business filing options. Click on the File Annual Report option from the drop-down list.

  3. Click the File Annual Report link

    Upon clicking on the File Annual Report Menu, you will see the following page. Click on the File Annual Report link to proceed with the report filing.connecticut-llc-aanual-report

  4. Login with an existing account or create a new one.

    When you click on the File Annual Report link, you will be directed to the Login page of the website- meant for filing. To file the Connecticut LLC annual report, you must log in to the existing account or create a new account on the state’s site.

  5. Select the “File Annual Reports Link”

    Once you have successfully logged into your account on Connecticut’s Official State Website, click on the File Annual Reports Link & submit the relevant information with the filing fee of $80.

Connecticut LLC Annual Report (Domestic & Foreign)

State Office:Connecticut Secretary of State, Business Services Division, 165 Capital Avenue, Hartford, CT 06106
Link to Website
Due Date:Every year, by March 31.
Filing Fee:The Online filing fee of the Connecticut  LLC’s Annual Report is $10.
Penalty:The Connecticut Secretary of State does not levy any fines or penalties for late or non-filing of the Annual report; any late filing or non-filing of the annual report can result in an LLC getting the “not in good standing” status. If the LLC fails to file the annual report altogether, the Secretary of State has the right to dissolve the LLC.
Filing Method:An LLC can file the Annual Report Online only.
Forms:Connecticut Annual Report can only be filed online, so there are no downloadable forms or links to file the report in person or by mail.
Important Information:Once a Domestic or Foreign Connecticut  Limited Liability Company submits the Annual Report along with the prescribed fees to the Connecticut  Secretary of State, the filing is said to be complete.

Seek the Help of a Registered Agent

Every State will have a different rule for filing the Annual Report. Usually, it is submitted every year, but it is submitted once in two years in some states. Some states require the filing of the report only once in ten years.

Not only the timing, the mode of filing, the proper addresses, exemptions, legality, annual report compliance, etc., have to be taken care of while paying the taxes or filing any reports with the State authorities. In many such scenarios, it is advised that an LLC appoints a Registered Agent to manage all this. Check out the best LLC service that offers all the services at an affordable price. An experienced agent is required for:

  1. Streamlining the mandatory processes & filing.
  2. Sending or receiving any documents.
  3. Reminding you about important dates of filing or payment of taxes. 
  4. Simplifying the filing procedures.
  5. Avoid any penalties.
  6. Flexibility in working.
  7. Maintaining Privacy (as it keeps your personal records off the public record)

You can read more about a Connecticut Registered Agent here.

How Fast Can I Fill Connecticut LLC Annual Report

Deadline for filing the annual report for Connecticut LLC is March 31 every year. You can file online for $80.

Connecticut LLCs are required to file an annual report with the state in order to stay in good standing. By filing this document, you can keep potential investors and business partners up to date about the status of your business. Failure to file a report can result in penalties, late fees, and even the loss of your LLC.

The Connecticut LLC annual report outlines information about the business and its officers, directors, and members. The annual report is reviewed by the Connecticut Department of Revenue Services within one to three business days. In most cases, this process takes less than a week. You can use online services to file your annual report.

The deadline for filing an annual report in Connecticut depends on the type of entity you have. In general, Connecticut LLCs must file their annual report on or before March 31 of each year. The deadline is different for nonprofits, LLCs, and LPs. If you don’t file a Connecticut LLC annual report in time, you may find that you will have to apply for administrative dissolution.

Filing an annual report in Connecticut is important because it keeps your company in good standing with the state. Potential investors can easily verify the status of your business by checking your annual report with the state. Failure to file can also result in penalties and late fees. Additionally, if your annual report isn’t filed by the deadline, you may have to pay a large fee or risk having your LLC disbanded.

With the help of automated technology, you can easily file a Connecticut LLC annual report online. The state also offers a customized dashboard to help you keep track of all documents needed for your business. As a new business, you may be busy with your first year of operation. Your work may consist of writing a business plan, crafting an operating agreement, and registering as a legal entity. In addition, you may have to apply for permits for your business.

Once your Connecticut LLC has been registered, you’ll need to file annual reports for employment taxes. You’ll also need to pay unemployment insurance taxes if your business employs workers. You can find additional tax information through the Connecticut Department of Revenue. If you need help filing an annual report, there are many companies that provide this service for a fee.

If you’re worried about time, you can use registered agent services. These services can send you notifications when it’s time to file the annual report. In case of failure to file the annual report, the state may revoke your business license. Moreover, your LLC can lose its authority to operate in Connecticut if you’re late filing it.

Creating and filing an LLC can be overwhelming. While forming a new business isn’t an easy task, you can get the help you need from an entity formation company. These companies are able to walk you through the process step-by-step.

FAQs

Is it essential to file an Annual Report?

Yes, an annual report is essential for every business entity in most states. Some states also ask to file biennial or decennial reports to be filed.

What are the contents of the Annual Report?

A Yearly Business Report or the annual report typically incorporates the address of the business, names & addresses of the members, a list of all the signatories, SSN of the members, & details of the registered agent.

Why is hiring a Registered Agent necessary in filing the Annual Report?

A Registered Agent is well-aware of all the filing requirements, annual report filing fee, & overall Annual Report compliance. The knowledge & proficiency of the registered agent allows the smooth filing of reports & other fees.

What do I have to do for the annual business report preparation?

The most important thing for filing an Annual Report is record keeping. Make sure that you document every other transaction well.

Do the filing fees change as per the types of companies?

Yes, the fees may vary depending on the type of entity or the type of legal entity you are representing.

In Conclusion

In conclusion, we can see that the annual report – which is also called the Franchise Tax Public Information Report is much easy to be filed. However, it is mandatory to file the report on time to avoid any penalties. If you are running an LLC in the state of Connecticut, you have to comply with the filing of certain important documents including the annual report or the Franchise Tax Public Information Report as it is named in the state of Connecticut.

It is also important to note that once this Public Information Report is filed with the Comptroller of Public Accounts, there is no need for additional filing with the secretary of state.

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