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.

Depending on your business, it can take you as little as one day to file an annual report in North Carolina. There are many ways you can fill out your report, from online to paper. While some companies are successful in filing their report, others aren’t. Using a professional registered agent service can help you avoid making common mistakes. They can also let you know when you’ll be filing reports.

You can find out how fast you can fill out a North Carolina LLC annual report by checking the Secretary of State’s website. The state recently updated their website. The main annual report page has an “LLC” designation, along with a “Get Started” button. You will then be asked for your business name, address, and phone number. In addition, the page asks for a brief description of your business. The page also has a link to an online filing program that will walk you through the process.

You can also print out a pre-populated Annual Report form that you can fill out and file at the Secretary of State’s office. You will then need to pay a filing fee of $200. You can pay this fee with credit or debit cards, and you’ll have the option of using a money order. You can also mail in your report with a check.

While it’s not a requirement, it’s good to have a business bank account. You’ll need one for making purchases and maintaining your business insurance, including general business liability insurance. If your business has employees, you’ll also need to maintain workers’ compensation insurance. You might also need to pay payroll taxes and self-employment taxes. You can find more information on these taxes on the North Carolina Business Tax page.

Using an online filing service allows you to file the North Carolina LLC annual report from the comfort of your home or office. You’ll need to fill out a few pieces of information, and then you’ll be presented with a list of information from previous annual reports. You’ll also be given the option to change your registered agent. If you’re changing your registered agent, you’ll need to fill out a new annual report form. The form includes information from your Articles of Incorporation, as well as information from your last year’s report. You’ll also be asked to sign your name.

A professional registered agent service can help you file your report and inform you when you’ll be filing it. They can also help you fill out the other forms you’ll need to fill out, including the tax forms you’ll need to file your business taxes.

If you’re filing an annual report in North Carolina, it’s important to fill out the report correctly. In addition to the required information, you’ll also need to fill in blank fields. You can leave the “new officials” box blank if you’re only changing your registered agent. You can also choose to download a copy of the report.

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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