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 Louisiana LLC annual report filing in Louisiana.
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.
On this page, you’ll learn about the following:
- Contents of the Annual Report
- Louisiana LLC Annual Report
- Does the State of Louisiana Mandate an Annual Report Filing?
- Why Do LLCs Have to File the Annual Report?
- How to File a Louisiana LLC Annual Report
- Seek the Help of a Registered Agent
Contents of the Annual Report
Typically the annual report filed by an LLC in Louisiana (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
Louisiana 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 Louisiana Annual Report is filed with the Louisiana Secretary of State.
Does the State of Louisiana Mandate an Annual Report Filing?
All the business entities in Louisiana are bound to file the annual report with the Louisiana Secretary of State. This includes all the legal entities such as C Corporations, Limited Partnerships, Limited Liability Companies, which are 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 Louisiana has to file the Annual report with the Louisiana Secretary of State on the anniversary date every year.
Penalties for Non-filing or late filing
An Annual Report is one of the important documents filed by an LLC. The Louisiana Secretary of State doesn’t have any fines or late fees for filing delays. If the LLC cannot file the annual report within 90 days of the due date, the 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 Louisiana LLC Annual Report
The Louisiana LLC Annual Report can be filed online, in person, or it can be filed by mail. An LLC operating in Louisiana has to file the Annual report with the Louisiana Secretary of State on the anniversary date every year.
Steps to File Louisiana LLC Annual Report Online
Time needed: 5 minutes.
Below is the procedure to file the Louisiana LLC Annual Report online.
- Visit Louisiana’s Secretary of State Website.
The first step in filing the Louisiana Annual Report is to visit the Louisiana geauxBIZ login page.
- Create an account or sign in.
Sign in if you have an existing account, or you can sign up by creating a new account.
- Click on the “Get Started” tab.
After logging in, click on the “get started” tab on the dashboard.
- Click on the “File an Amendment such as Annual report” option.
On the next prompt click on the File an Amendment Such as Annual Report option.
- File Annual Report.
Enter the Louisiana Charter number & click on the File Annual Report Button.
Filing Louisiana LLC Annual Report By Mail
To file the LLC Annual report in Louisiana, you can follow the steps as mentioned below:
- Visit Louisiana geauxBIZ login page
- Sign in if you have an existing account, or you can sign up by creating a new account.
- After logging in, click on the “get started” tab on the dashboard.
- Click on the “File an Amendment such as annual report” option,
- Enter the Louisiana Charter number & click on the File Annual Report Button.
- Select the Print the Form option & download the form on your computer
- Fill in the required information & send the printed copies of the forms and relevant documents to the address: Louisiana Secretary of State, PO Box 94125, Baton Rouge, LA 70804
Louisiana LLC Annual Report (Domestic & Foreign)
|State Office:||Louisiana Secretary of State, PO Box 94125, Baton Rouge, LA 70804|
Links to Website, Form
|Due Date:||Annual reports are filed every year on the anniversary date of the company.|
|Filing Fee:||The Online filing fee of the Louisiana LLC’s Annual Report is $30.|
|Penalty:||The Louisiana Secretary of State doesn’t have any fines or late fees for filing delays. If the LLC cannot file the annual report within 90 days of the due date, the State has the right to dissolve the LLC.|
|Filing Method:||An LLC can file the Annual Report Online or by mail.|
|Important Information:||Once a Domestic or Foreign Louisiana Limited Liability Company submits the Annual Report along with the prescribed fees to the Louisiana Secretary of State, the filing is said to be complete.|
How Fast Can I Fill Louisiana LLC Annual Report
How quickly can I fill out the annual report for my LLC in Louisiana? There are a few ways to accomplish this task. Louisiana’s geauxBIZ online filing portal allows you to file your LLC’s annual report in as little as 15 minutes. After logging into your account, you’ll be asked to enter your LLC charter number, payment details, and other required information. You’ll then be on your way to filing your report.
As far as filing the annual report goes, the deadline is the same as the date the state approved your entity. You can file anytime during the thirty days before this date. If you fail to file your annual report on time, your company will lose its legal protections and be dissolved by the state. To avoid this hassle, be sure to file your annual report before the deadline. Here are some simple tips for filing your Louisiana LLC annual report:
First, make sure to enter your business’ address. You must enter your address if your company is based in Louisiana. You can also use your home address as your office address if you’d like. Be sure to include your email address if you have one. You can also choose to pay the $35 filing fee online. You’ll need a credit card to complete this process. You can also pay a fee to receive your LLC’s annual report.
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:
- Streamlining the mandatory processes & filing.
- Sending or receiving any documents.
- Reminding you about important dates of filing or payment of taxes.
- Simplifying the filing procedures.
- Avoid any penalties.
- Flexibility in working.
- Maintaining Privacy (as it keeps your personal records off the public record)
You can read more about a Louisiana Registered Agent here.
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.
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.
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.
The most important thing for filing an Annual Report is record keeping. Make sure that you document every other transaction well.
Yes, the fees may vary depending on the type of entity or the type of legal entity you are representing.
An LLC has to file many types of reports, such as Application for Reinstatement, Periodic Report of a limited partnership (usually filed by the exempt nonprofit organization), etc., which are required depending on the type of entity. The Annual Report is mandatory irrespective of the entity type. It requires compliance across entities.