North Carolina LLC Annual Report – File an LLC Annual Report in North Carolina


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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 North Carolina LLC annual report filing in North Carolina.

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 North Carolina 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

North Carolina 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 North Carolina Annual Report is filed with the North Carolina Secretary of State.

Does the State of North Carolina Require an Annual Report Filing?

Every business entity in North Carolina is bound to file an annual report with the North Carolina Secretary of State. This rule applies to 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 North Carolina has to file the Annual report with the North Carolina Secretary of State on 15th April every year.

Penalties for Non-filing or late filing

There are no late fees for late filing. If your LLC can not file the report by April 15, it will lose its ‘good standing’ status in the North Carolina state reports. Further failure of not filing the report within 60 days from the due date, will lead to the dissolution of 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 North Carolina LLC Annual Report

The North Carolina LLC Annual Report can be filed online or by mail. An LLC operating in North Carolina has to file the Annual report with the North Carolina Secretary of State on 15th April every year.

Steps to File North Carolina LLC Annual Report Online

Time needed: 5 minutes.

Below is the procedure to file the North Carolina LLC Annual Report online.

  1. Visit North Carolina’s Secretary of State Website.

    The first step in filing the North Carolina Annual Report is to visit the North Carolina Secretary of State Website

  2. Click on the “File Business Annual Report HERE!” Tab.

    Scroll down & Click on the “File Business Annual Report HERE” Tabnorth-carolina-llc-annual-report

  3. Search for your Business Name.

    Write the Business Name in the box below “searching for” & click on the search button.north-carolina-llc-annual-report

  4. Click on the “Annual Report” tab.

    Choose your business name & click on the Annual Report tab before it. Start filing the report online.
    north-carolina-llc-annual-report

Filing North Carolina LLC Annual Report By Mail

To file the LLC Annual report in North Carolina, you can follow the steps as mentioned below,

  • Visit the North Carolina Secretary of State Website 
  • Click on the “File Business Annual Report HERE!” Icon 
  • Write the Business Name in the box below “searching for”
  • Choose your business name & click on the small icon Above the Annual Report tab that says “Print an E-populated annual report form”
  • Once you click on the icon, the form will be downloaded on your computer automatically
  • Fill in the required information & send the printed copies of the form and relevant documents to the address: Business Registration Division, P.O. Box 29525, Raleigh, NC 27626-0525

North Carolina LLC Annual Report (Domestic & Foreign)

State Office:Business Registration Division, P.O. Box 29525, Raleigh, NC 27626-0525
Links to Website, Form
Due Date:An LLC operating in North Carolina has to file the Annual report with the North Carolina Secretary of State on 15th April every year.
Filing Fee:$202 – online, $200- by Mail.
Penalty:There are no late fees for late filing. If your LLC can not file the report by April 15, it will lose its ‘good standing’ status in the North Carolina state reports.
Filing Method:An LLC can file the Annual Report Online or by mail.
Forms:Form
Important Information:Once a Domestic or Foreign North Carolina Limited Liability Company submits the Annual Report along with the prescribed fees to the North Carolina 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 North Carolina Registered Agent here.

How Fast Can I Fill North Carolina LLC Annual Report

Deadline for filing annual reports in North Carolina is April 15 every year with the North Carolina Secretary of State. Failing to do so within 60 days may result in dissolution of the LLC.

If you own an LLC and want to know how fast you can file the Annual Report, you should read this article. You will learn how to file your North Carolina LLC Annual Report in record time. Failure to file this report on time can result in your company’s corporate charter being revoked. This article will guide you through the process and help you understand what the state of North Carolina requires. You can get the form online at the Secretary of State’s website.

There are two methods of filing the annual report: you can either mail it or file it online. In either case, you’ll have to select the current year in the drop down menu and print the form. If you’d rather file your report by mail, you will need to choose the current year from the drop-down menu. When filling the form by mail, you’ll need to submit it to the Secretary of State with a postmark by the due date.

The deadline for the North Carolina LLC Annual Report is April 15th. Regardless of how much time you have to complete this process, you should make sure that you file it in time. The filing fee is $200 (mail) and $202 online. The filing fee is required by April 15th of each year. If you fail to submit the report on time, you’ll have to wait until June 15th to dissolve your LLC.

As a newly formed LLC, it’s natural to be excited about starting a new business. However, it’s important to remember that your state needs accurate records of thousands of businesses. That way, if you’re facing a legal issue, they’ll know who to reach and when. Once you’ve completed your annual report, the state can reach out to you with important communications. However, you’ll want to keep this information up to date in order to avoid administrative dissolution of your LLC.

Filing the North Carolina LLC Annual Report is an important legal document that must be filed every year. If you’ve recently formed an LLC, you might want to wait until the end of its first year before filing. The filing fee is $200, so you should plan accordingly. You can find all the forms and information you need for the report on the Secretary of State’s website. You can also visit their blog and check out the information and answers to frequently asked questions.

After filling out the required information, you’ll need to certify that you have the authority to file the annual report. You’ll be guided through the process step-by-step through an online filing program. You’ll notice that the registered agent’s name will be filled out, but you can change it if you need to. Aside from the information you need, you also need to indicate whether you have added or removed officials since your last filing.

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

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.

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