All states require some sort of reporting duty for their business entities. You will be subject to state fines and penalties if you do not comply with their rules. It is important to be informed, compliant, and on time with your filing requirements.
What is an Annual Report?
An annual report is a collective report that details activities throughout the year prior. The purpose of an annual report is to inform potential investors, shareholders, government agencies, and the filing office, with information about the operations and financial performance. You will file in accordance with the requirements of your state.