Hawaii LLC Annual Report – File an LLC Annual Report in Hawaii


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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 Hawaii LLC annual report filing in Hawaii.

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 a Hawaii LLC (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

Hawaii LLC Annual Report

An Annual report is essential for all business types. It authenticates that the information provided to the Secretary Of the State is accurate & updated. The information provided in the annual report helps the State officials to ensure that all the companies pay taxes. The Hawaii Annual Report is filed with the Hawaii Department of Commerce and Consumer Affairs.

Does the State of Hawaii Require an Annual Report Filing?

In Hawaii, it is essential 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 Hawaii has to file the Annual report with the Hawaii Department of Commerce and Consumer Affairs. The due date of the Annual Report is calculated on the basis of the quarter in which the Business was registered.

Penalties for Non-filing or late filing

An Annual Report is one of the important documents filed by an LLC. The Hawaii Government charges a $10 late fee for the late filing of an annual report.  If the LLC is unable to file the annual report for two or more consecutive years, the Department of Commerce and Consumer Affairs 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 Hawaii LLC Annual Report

The Hawaii LLC Annual Report can be filed online, in person, or it can be filed by mail. The due date of the Annual Report is calculated on the basis of the quarter in which the Business was registered.

Steps to File Hawaii LLC Annual Report Online

Time needed: 5 minutes.

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

  1. Visit Hawaii’s Government Website.

    Your first step in filing the Hawaii Annual Report is to visit Hawaii’s Government Website & click on the tab titled Business.hawaii-llc-annual-report

  2. Click on “Business Annual Report Filing” in the list of the tabs.

    Once you click on the Business Annual Report Filing tab from the list of the tabs before you.hawaii-llc-annual-report

  3. Enter your business name.

    Upon clicking on the Business Annual Report Filing tab, you will see the following page. Enter your LLC business name in the search box & search.hawaii-llc-annual-report

  4. Select your business from the search results.

    After carefully reading the names of every business listed in the search results, choose your business.

  5. Click on begin your annual report button.

    Once you have selected your business on Hawaii’s Official State Website, click on the Begin your Annual Report button & submit the relevant information with the filing fee of $12.50.

Filing Hawaii LLC Annual Report By Mail

To file the LLC Annual report in Hawaii, you can follow the steps as mentioned below:

  • Go to Hawaii Registration Forms, Fees & Information page.
  • Scroll down & choose ‘Domestic or Foreign LLC’ in the type of corporations’ tabs. 
  • Click on the Complete listing of all fillable PDF forms
  • In the list of forms, choose & download the Domestic Limited Liability Company Annual Report ( Form C5 )
  • Download the form on your computer.
  • Fill the form with correct information.
  • Send the printed copies of the forms and relevant documents with the $15 fees to the address: Department of Commerce and Consumer Affairs, Business Registration Division, P.O. Box 40, Honolulu, HI 96810

Hawaii LLC Annual Report (Domestic & Foreign)

State Office:Department of Commerce and Consumer Affairs, Business Registration Division, P.O. Box 40, Honolulu, HI 96810
Links to Website, Form
Due Date:The due date of the Annual Report is calculated on the basis of the quarter in which the Business was registered. The Department of Commerce and Consumer Affairs notifies the businesses when the annual report filing is due.
Filing Fee:The Online filing fee of the Hawaii  LLC’s Annual Report is $12.50 & the fee to file in person or by mail is $15.
Penalty:An Annual Report is one of the important documents filed by an LLC. The Hawaii Government charges a $10 late fee for the late filing of an annual report.  If the LLC is unable to file the annual report for two or more consecutive years, the Department of Commerce and Consumer Affairs has the right to dissolve the LLC.
Filing Method:An LLC can file the Annual Report Online, in person, or by mail.
Forms:Domestic Limited Liability Company Annual Report (Form C5)
Important Information:Once a Domestic or Foreign Hawaii  Limited Liability Company submits the Annual Report along with the prescribed fees to the Hawaii Department of Commerce and Consumer Affairs, the filing is said to be complete.

How Fast Can I Fill Hawaii LLC Annual Report

Deadline for filing the annual report for LLC in Hawaii is variable based on the formation date of your LLC. You can file it online, by mail or in-person.

Whether you are looking to form a new business in Hawaii or you want to change the name or address of an existing business, filing the correct documents is an important step. The state has several resources to help you fill out and file the proper forms. In addition, filing the right information is important to ensure that your business is able to comply with tax regulations and other laws.

Obtaining a state-issued EIN, or Employer Identification Number, is also a good idea, as it can be used for filing taxes. Hawaii LLC owners must also pay state taxes and self-employment taxes, along with payroll taxes. In addition, Hawaii LLCs must file an annual report. The purpose of the report is to provide the government with a detailed look at the activities of the business over the course of a year. This report can be filed by mail, online or in person.

While the name of the oh-so-common annual report may be confusing, filing it can be a simple task. The report is a compliance document, and is used to ensure that the business meets all required requirements. If you fail to file your report, you could be liable for fines and penalties. Luckily, the State of Hawaii has an online portal that makes filing simple and convenient.

The first step to filing your Hawaii LLC annual report is to file the appropriate form. You can choose from the variety of domestic forms available on the Hawaii Business Express website. This includes form LLC-1, or the Certificate of Formation. You can also choose from the domestic LLC, multi-member LLC and foreign LLC forms. Once you have filed your forms, you will need to pay the required fees. In addition, you will need to pay an additional fee for the service.

You can file your Hawaii LLC annual report online, in person or by mail. If you choose to file online, you will need to pay the appropriate fee and select your filing option. There are also expedited processing options, which allow you to have your report processed in as little as a few days. Expedited processing costs $25. The normal processing time for a paper filing can be as long as six to eight weeks.

Although filing the Hawaii LLC annual report may seem complicated, it is actually a simple process. In addition to the form you need to fill out, you will need to choose a unique name for your business. This name should not conflict with another entity or mix with your personal assets. You will also need to choose a registered agent. Your registered agent will receive legal notices and other documents on behalf of your business. Your registered agent can be changed for a $25 fee online. You will need to select the correct business type to ensure that your filing is processed in a timely manner.

The Hawaii Annual Report is a compliance document that must be filed on time. Failure to file it can result in fines and penalties, and your business may be dissolved.

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 Hawaii Registered Agent here.

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 Hawaii, 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 Hawaii.

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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