Pennsylvania LLC Annual Report – File an LLC Annual Report in Pennsylvania


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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 Pennsylvania LLC annual report filing in Pennsylvania.

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 Pennsylvania 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

Does the State of Pennsylvania Require an Annual Report Filing?

Pennsylvania is one of those few states in America, which do not require an Annual Report. If you want to form an LLC in Pennsylvania, filing an annual report will not be a part of your compliance. However, a decennial report known as the Decennial Report of Association Continued Existence is required by the Pennsylvania Secretary of State.

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 some 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 Pennsylvania LLC Annual Report

Time needed: 5 minutes.

In Pennsylvania, LLCs have to file a decennial report which means once in every 10 years LLCs should file the report. Here’s how to file the report in Pennsylvania.

  1. Go to the Official Business Document Filing System

    Visit the Pennsylvania Business Document Filing System website. To file the report online, LLCs must have an account with them.

  2. Sign-in or Sign-up

    If you are a registered member on the website then you need to provide the credentials to log in to the site. If not, then sign-up to the site with your Name, Phone Number, etc.

  3. File Annual Reports Online

    Once logged in, you can start filing your Annual/Decennial Reports online. For first-time users, after registration is complete you need to log in to the portal again.

Filing Pennsylvania LLC Annual Report By Mail

  • To file the annual report by mail, one has to visit the Business Formation page.
  • Find out the Decennial Report filing form from the list given on the page.
  • Download the form on your device, take a print out.
  • Make sure all the information in the form are correct.
  • Send the filled up form to the address, PA Department of State, PO Box 8722, Harrisburg, PA 17105-8722.

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 Pennsylvania Registered Agent here.

How Fast Can I Fill Pennsylvania LLC Annual Report

For LLCs operating in Pennsylvania, it is not necessary to file the annual reports. However, a decennial report is filed for Pennsylvania LLCs.

When establishing an LLC in Pennsylvania, one of the first steps is to submit a statement of information. This is a vital document that lets the state know that the company is still active and is allowed to use its business name. This statement should be filled out as soon as possible. There are some additional requirements as well.

You should submit this document immediately upon establishing your company. Once you submit it, the state will process it and send you a stamped Certificate of Organization and Welcome Letter. These documents will arrive in the mail or via email, depending on the method you chose. If you want to save time, you can use a software that automatically sends the documents to you.

The Pennsylvania Department of State offers a comprehensive list of business forms. These forms are all required to be filed by companies in the state. You will also need to pay the filing fee. This fee is $70 per year for a small business in Pennsylvania. It is important to note that your LLC will have to pay a fee every ten years, but the cost is minimal and doesn’t have to be a major burden on your annual budget.

In addition to state employment taxes, your LLC must pay unemployment insurance taxes for its employees. Additionally, there may be other taxes that apply to your business. The Pennsylvania Department of Revenue has additional information on tax requirements. If you’re unsure, you can always hire a company to file your LLC’s annual report for you. However, many of these companies charge a service fee.

After filing your certificate of organization, you need to file an annual report. This document outlines the business’s activities and needs. Additionally, you should also file an operating agreement to set the rules for the business’s operation. It should be signed by all of the LLC organizers.

The state forms require you to specify what your LLC does, so be sure to be very specific. Using vague statements could lead to the filing being rejected. In addition, you must include your EIN, which is your federal tax identification number. Remember to fill the Professional LLC box if you have a professional LLC.

Depending on the type of LLC you have, you may need to file more than one report every year. The deadlines for filing these reports may differ from state to state. Be sure to check the deadlines before committing to a filing date. The late filing of these reports could cost you hundreds of dollars.

If you are unsure about the deadline for filing this report, you can use Pennsylvania’s online business entity search tool to find an available name for your company. The website will even notify you when your documents are approved.

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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