District of Columbia LLC Annual Report – File an LLC Annual Report in D.C.


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

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 DC (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

District of Columbia LLC Biennial Report

Unlike many states, the state of District of Columbia requires an LLC to file a Biennial report. A biennial report makes sure that all the information provided by the LLC is accurate & updated. This information about the LLC is necessary for the State officials to track the companies’ taxes payment.

In the District of Columbia, instead of an Annual filing of the report, an LLC has to file a biennial report (a report to be filed every two years). Such a report has to include updated information about the company addresses, registered agent addresses, etc.

Does the District of Columbia Require an Annual Report Filing?

The District of Columbia requires an LLC to file a Biennial report every two years to be filed with the office of the District of Columbia Department of Consumer and Regulatory Affairs.

All the legal entities such as C Corporations, Limited Partnerships, Limited Liability Companies are bound to file the Biennial Report in the District of Columbia.

Biennial Report Deadline

The District of Columbia Biennial Report is due by April 1st every two years. 

Penalties for Non-filing or late filing

If an LLC fails to file the Biennial Report within the prescribed time, the District of Columbia Department of Consumer and Regulatory Affairs charges a late filing penalty of $100.

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 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 District of Columbia LLC Biennial Report

In the District of Columbia, an LLC can file the Biennial Report online, by mail, or in person.

Steps to File District of Columbia LLC Biennial Report Online

Time needed: 5 minutes.

To file the report online LLCs have to register with the District of Columbia Government’s official website. If the individual or the LLC is already registered then by signing in to the portal one can start filing the yearly LLC report. Here are the steps to file the LLC annual report in the District of Columbia online.

  1. Visit the District of Columbia Government’s official website

    The first step in filing the Columbia Biennial Report is to visit the District of Columbia Government’s official website.district-of-columbia-llc-annual-report

  2. You can Log in if you are an existing user or you can create an account

    If you have already created an account on the Columbia Government’s official website, then you can simply put the credentials & log in. If you don’t have an existing account, sign up & create one.

  3. Fill up the required details & file the report

    After logging in to the website, choose the option of submitting the Biennial report & file required documents & fees.

Filing District of Columbia LLC Biennial Report By Mail

To file the Biennial Report in the District of Columbia by mail, you can follow the steps as below:

  • Click on the District of Columbia Document Management System website.
  • Click on the All Documents button.
  • Type BRA-25 in the search box.
  • Click on the form & the form will automatically download.
  • Print the form and attach the required documents.
  • Write a check properly to make the payment. 
  • Send the printed copies of the forms and relevant documents to the Department of Consumer and Regulatory Affairs, Corporations Division, P.O. Box 92300, Washington, DC 20090, with $300 filing fees.

District of Columbia LLC Biennial Report (Domestic & Foreign)

State Office:Department of Consumer and Regulatory Affairs, Corporations Division, P.O. Box 92300, Washington, DC 20090. Links to Website, Forms
Due Date:April 1st Every second year.
Filing Fee:The Biennial report filing fees in the District of Columbia are $300 in the second year when the biennial report is submitted. In the first year, there is no fee.
Penalty:If the Biennial Report is filed post-April 1(in the second year), then an LLC will be charged with a $100 late fee. If an LLC doesn’t file the biennial report at all, it may lead to the dissolution of the LLC.
Filing Method:An LLC can file the District of Columbia Biennial report Online Or by Mail
Forms:Form
Important Information:A biennial report is as important as an Annual Report & failure to file the same can result in the dissolution of the LLC.

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 District of Columbia Registered Agent here. 

How Fast Can I Fill District of Columbia LLC Annual Report

You need to file biennial report in District of Columbia. Deadline for filing the biennial report for your District of Columbia LLC is April 1st. However, new LLCs are required to file in the first year itself.

Keeping records for a DC LLC is important. The annual report is used by the IRS to track the payments of state taxes, and it also helps creditors locate your business. The report is also used to notify government entities of new appointments and changes to your LLC. The annual report can be submitted online, or by mail.

If you are filing for a DC LLC, you will need to register your business and designate an agent. You can also register your business for sales tax and withholding income taxes. The IRS offers an online Small Business and Self-Employed Tax Center, which is a great resource. You should also check out the District of Columbia business entity information, which is updated on a regular basis.

If you are a new DC LLC, you may need to make a name reservation. The name you choose should be unique and distinguishable from other DC business names. The DC government website has a tool to check whether the name you want is available. If it is, you will need to pay a filing fee of $50 to reserve it. If it is unavailable, you will need to seek special approval from the Mayor’s office. You can also search for available names on CorpOnline. You can even check if a name is available outside of DC.

The name you choose should also include a phrase that indicates you are a limited liability company. You cannot include words that may be mistaken for government agencies, such as “bank” or “insurance”. If you are using a restricted word, you may need to get special approval from the Mayor’s office.

After you have chosen a name, you need to register your business and designate an agent. You can file for a DC LLC by mail or online. You will need to have a physical address in Washington, D.C., and a registered agent who is available during normal business hours. A registered agent accepts service of process if someone sues your business. A registered agent will provide your DC address and forward important documents to you.

If you are filing for a DC LLC, you will need to create an account on CorpOnline. Once you have done this, you will need to fill out an operating agreement. This document will provide instructions for your LLC’s day-to-day operations. It will also provide processes for big picture situations, such as dissolving your business. It will also establish clear expectations for the LLC’s members.

After you have registered your DC LLC, you will need to fill out an annual report. The Annual Report is similar to an operating agreement, and it serves as an activity log for your business. It records all transactions and updates the DLCP (District of Columbia Business Entity Database). It also helps the IRS track payments of state taxes, and it also helps creditors locate your business. You can also use this document to request exemptions from the IRS. The annual report also helps you avoid fines from the District of Columbia.

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 the District of Columbia, 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 District of Columbia.

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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